Fifteen railcars of technical-grade tallow traded lower on Wednesday October 30 at 48 cents per lb on a Chicago basis. Additional deals were discussed throughout the day at even lower prices of 46-47 cents per lb, though these could not be confirmed before the market close.
Choice white grease (CWG) prices in the FOB Missouri River market also fell slightly on the day to 42-43 cents per lb amid trades reported within that range.
In the Gulf Coast markets, trading has been relatively limited this week, though bids for used cooking oil (UCO) into the region were reportedly down, as low as 44-44.5 cents per lb delivered for November and December.
The overall sentiment in the fats markets appears to be relatively stable to softer, as participants have reported some pushback from customers due to ample volumes available to meet demand, particularly within the feed sector.
…
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...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...