Heating Oil Drops Continue to Pressure Fat Market Lower

Heating Oil Drops Continue to Pressure Fat Market Lower

Technical tallow traded lower today, down to 70 cts/lb Chicago in substantial volume. There was a one car trade done at 76 cts/lb Chicago as well, but was not included in today’s price report because of 25 cars traded at the 70 cts/lb level. Chicago BFT remains quiet, but trading was done into the Gulf at 65 cts/lb today.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

Latest Tweets