Choice white grease trading was higher today on an FOB basis, up to 61 FOB Mo. River with offers out at as high as 62 FOB. Sources have indicated that some of the feed buyers have started to pull back on inclusion rates at these values, but tight supplies continue to keep the market supported.
Distiller’s corn oil prices edged higher in several markets today with trading reported as high as 70 FOB. Offers into the Gulf were indicated around the 73.5 delivered mark, but as of press time no trading was confirmed. Biofuel producers continue to struggle with shrinking to negative margins at current feedstock prices and there have been indications of some larger producers reselling soybean oil into the market.
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
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Bloodmeal largest price mover week on week; November cattle on feed higher
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