There were no changes in the Australian market this week for domestic or export pricing. Sellers are optimistic that prices can move incrementally higher in the next few weeks, possibly $5 to $10 on the basis of tightening supplies in a few local markets, but exporters are facing some strong headwinds by way of cheap palm stearin out of Malaysia, $535 FOB. Cattle slaughter out of both NSW and Victoria were sharply…
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...