Trading out of the Australian market was quiet this week, but price ideas were up by US$20 for export. Trading out of NZ was reported sharply lower. 4% BFT pricing is off by as much as NZ$65 compared to last week. Sources continue to report strong headwinds into the Singapore market and reliance on sales into China, the Asian sub-continent and Africa are yielding lower prices. At NZ$710, 4% BFT has a US$ value of $515/MT. Low prices tend to cure low…
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...