Ahead of the Thanksgiving break the tone of the market seemed to be, “…get back in there and sell, sell, sell.” The market was much quieter today, at least in the tallow market, with no official offers reported, but plenty of indications that material is still available at the last offered price. If there is no action in the renderer BFT market tomorrow the price will be unquoted at the end of the day.
Distiller’s corn oil did trade lower on Friday and again today. There were distressed loads indicated in a range of 45 – 50 cents per pound FOB this morning, but the bulk of Dec and forward trading was done within the printed range.
For the week ending December 4th, 2021, cattle slaughter is forecast at 660,000 head, a 1.4 percent drop from 2020; a 16.6 percent growth from the previous week due to Thanksgiving downtime; and a 3.2 percent decline from 2019. According to the USDA Actual Slaughter Under Federal Inspection for November 14th
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...