Four cars of renderer BFT traded at $0.3200 Chicago this afternoon within the 30 day window. Sources reported additional interest for May packer material, but were finding the nearby market tight. Demand for tallow is strong across all sectors and despite the increase in cattle slaughter most are prognosticating strong pricing with a heavy reliance on formula positions.
CWG trading was higher in trucks, $0.2450 – 0.2550. Chicago rail action has been very…
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...