Ten cars of packer BFT traded up sharply this afternoon, $0.3200 Chicago for May arrival. Trading in the renderer market was quiet. Outside of the Chicago market trading was very quiet/steady. Sources commented that biodiesel demand remains strong despite lower RIN and heating oil prices.
Poultry fat prices were flat today with sources reporting steady movement into the feed sector. Feed buyers would like to see prices drop, but demand from the biodiesel…
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...