Twenty cars each of packer and technical tallow traded into the Gulf today at $0.2450 and $0.3250, respectively. Chicago action has been quiet this week, but both bio and export have shown plenty of interest. The current ratio of Chicago BFT to Malaysian Palm Stearin is at 76% and 89.7% for the month. Historically, when the price of palm exceeds 100% of the price of Chicago BFT, exports increase. Today’s action would signal that the trading lanes are back open for…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...