Trading into both China and Indonesia was quiet this week. Sources reported interest from China, but at lower prices. With Ramadan in full swing, buyers are out of pocket. Sources have suggested that prices still have some room on the downside when trading resumes.
Trading out of the Australian market was also quiet this week. There are suggestions that the market has some further corrections to the downside given the weaker export market. NZ…
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...