Six cars of technical tallow traded at 80 cents per pound Chicago basis, two of the six cars are for shipment within the 30 day window. The BFT market, both renderer and packer, were steady to quiet today.
Choice white grease prices were up sharply today, indicated as high as 60 cents per pound FOB Mo. River. Feed buyers are still securing material towards the bottom end of the range, but strong renewable demand has contributed higher prices on the top side, an in turn a very wide range. Yellow grease prices were reported at 67 delivered Gulf for February and March, which will continue to drive choice white prices higher in the near term.
Distillers corn oil prices were higher late yesterday and today on strong demand and a surging soybean oil market. Big buys from China, weather concerns in South America and the potential for military conflict in Europe are all contributing a bullish nearby market. The EIA released ethanol production estimates of 1.053…
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...