BFT interest was shown at $0.3200 Chicago with sellers countering at $0.3400. A buyer was in with a bid for tech tallow as well, $0.3200 Chicago.
Six trucks of CWG traded at $0.3075. Trading in the Mo. River was higher, $0.2500 – 0.2550. Given the jump in the Chicago market, prices are likely to trend higher, but as many sellers will state, only a handful of producers can make chemical spec material.
Weekly average were…
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...