Late Friday ten cars of packer BFT traded at $0.2600 Gulf, today five were reported at $0.2400. The $0.2600 were for Nov shipment (w/i 30 days) and the $0.2400 were reported as a straight 30 day shipping arrangement. Yellow grease did trade as low as $0.2050 FOB Illinois. It appears there is still a backlog of material that needs to move quickly, but behind this wave most are calling the market steady to higher.
Weekly Review
Pr…
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...