Fat prices were reported in a wider range out of the Australia and New Zealand markets. The bottom end of both fat markets fell AUS$ and NZ$ 10 – 15, reflective of a stronger currency. The AUS$ has gained 3.4% against the US$ over the last two weeks, while the NZ$ has gained 2.7%. Exporters keeping the US$ value steady, have dropped the prices in terms of their local currency. Sources have reported that the nearby market remains fairly quiet, but…
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...