Trading was quiet today with not much action reported. There was an offer out at $0.2400 FOB Illinois for yellow grease, which reportedly did not generate any interest from the buy side. Sources are reporting corn oil sellers are out early with offers, but interest is lackluster from the biodiesel sector due to continued weakness in the oil markets.
The fat market was fairly regionalized last week with temps and proximity to…
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...