Market Activity
ANIMAL FATS
This report was written by Bill Dieterichs. Ryan Standard will return on Thursday.
The BFT remained quiet today even with the announcement that a countervailing tariff may be placed on Argentinian imports. This would become on all imported goods effective 90 days prior publication in the Federal Register. This means that the price of Argentinian Biofuels would increase and…
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...