There was big action in the packer tallow market today, 17 cars of material traded at $0.2625 Chicago with an additional 18 cars traded at an undisclosed price outside of the 30 day window. Renderer tallow was bid up to $0.2700 Chicago to no avail. There are offers out at $0.2700 Chicago for additional packer material. Despite the big kills, material remains tight and buyers are paying up to secure material ahead through the first part of July. The second half of…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...