The soybean oil/heating oil (BOHO) futures price spread narrowed in the week ended Tuesday September 17, with gains in heating oil outpacing those in bean oil.
The BOHO spread was down by 6.6% week on week to $0.8437 per gallon on Tuesday, with soybean oil futures prices for the remainder of 2024 moving around $0.4000 per lb.
The October soybean oil contract closed the Tuesday session at $0.4055 per lb, up by $0.0080 per lb, or 2%, from $0.3975 per lb on Monday September 16.
In the past week, October soyoil futures were up by just 0.6%, while ultra-low-sulfur diesel (ULSD) futures increased by 3.8%, helping to exert downward pressure on the BOHO spread.
…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...