Trading was quiet in the tallow market today. There was a bid/offer spread of $0.3300 – 0.3400 Chicago for June delivery on BFT. Tech/Ed quotes were non-existent today. Sources reported heavy formula volume for May.
CWG trading was done in good volume at the bottom end of the range, $0.2800 FOB Mo. River. Sources have commented that more feed and biodiesel operators are moving towards reformulation with these higher numbers, which is a good segue into yellow…
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...