Five cars of packer BFT traded at $0.3175 Chicago to wrap the April tallow market. Sources reported offers at $0.3200 with interest at $0.3150 yesterday and the buyer/seller met in the middle and traded material for shipment in the last half of May. Trading outside of the tallow market was quiet.
Cattle kills came in at an estimated 624,000, well above the 600,000 and signaling the start of the summer slaughter season. The YTD slaughter is running 6% ahead…
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...