ANIMAL FATS COMMENTARY
The animal fat markets seem to be on a somewhat slippery slope as markets slip-and- slide lower. Packer tallow did traded today at 28.5 Chicago, but only for two cars so the price guide will not change…at least today. There may be unreported trading taking place at the Chicago AFOA conference. However it feels like the biodiesel industry is taking a wait-and-see approach before buying with all the Yakety-yak…
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...