Six cars of packer BFT and three cars of renderer traded steady at $0.2950 and $0.3050 Chicago, respectively. There was a report of interest at $0.3350 Chicago for tech with no luck. Market fundamentalists continue to suggest that the market is overpriced relative to soybean oil and palm, but availability is reported as tight and buyers are willing to step in and pay steady prices. A slow start to the biodiesel year coupled with an anticipation of help from the…
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...