Trading was quiet out of the EU this week with no trading reported. North American activity picked up with two containers of runners reported at $1.12. Strong slaughter in the US market may explain the $0.03 drop from September highs. Sources have indicated that asking prices for Chinese material continues to rise, but thus far there has not been any impact on the EU or NA retail market.
Table 1.
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...