December animal fats, oils prices decline amid uncertainties on 2025 tax credits

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December animal fats, oils prices decline amid uncertainties on 2025 tax credits

Alexandra Watts | 10.31.2024

Spot trading in the US animal fats and oils markets was relatively quiet on Thursday October 31, with only a handful of trades agreed, with uncertainties about the tax credit change in the first quarter of 2025 still dominating market discussions.

In the Gulf Coast market, used cooking oil (UCO) prices dipped slightly to 45.25 cents per lb for November, following trades completed late on Wednesday.

Meanwhile, December UCO trades were reported throughout the day, with prices as low as 42 cents...

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US pasture, range conditions decline further in October

US pasture, range conditions decline further in October

Limited trade was reported on the US animal proteins market on Thursday October 31. Reported trades were within the...

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Brazilian tallow prices rise on support from soy oil market

Brazilian tallow prices rise on support from soy oil market

The price for bleachable fancy tallow (BFT) in the Brazilian market rose by 0.40 Reais per kg in the...

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US weekly wheat, corn export sales plunge; wheat exports hit marketing-year low

US weekly wheat, corn export sales plunge; wheat exports hit marketing-year low

Corn
US corn sales for 2024/25 were reported at 2.34 million tonnes in the week to October 24, down...

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Sellers firm on hide price increases; market participants optimistic following High Point Fall Market

Sellers firm on hide price increases; market participants optimistic following High Point Fall Market

Several hide sellers told Fastmarkets that they pushed for higher-than-last-traded prices on Thursday October 31, but buyers either said...

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Lower Brazilian cattle slaughter leads to possible price increases for fresh hides

Lower Brazilian cattle slaughter leads to possible price increases for fresh hides

Brazil
Brazilian hide demand for the week ended Thursday October 31 was mild, unlike the current strong demand for...

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US soybean oil exports rise 52% as Gulf soyoil cash basis firms

US soybean oil exports rise 52% as Gulf soyoil cash basis firms

US domestic soybean oil exports increased by more than 52% in the week to October 24, to 2,900 tonnes,...

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Australian animal protein prices rise on strong domestic demand

Australian animal protein prices rise on strong domestic demand

Prices in the international animal proteins market were mixed in the week to Thursday October 31.

Limited trade...

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P66’s renewable segment reports Q3 earnings loss of $116 million

P66’s renewable segment reports Q3 earnings loss of $116 million

On Tuesday October 29, Phillips 66 (P66) reported a third-quarter pre-tax loss of $116 million for its renewable fuels...

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

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.

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11.22.2024

Gulf prices average higher despite weeklong declines in SBO

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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...

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Bloodmeal largest price mover week on week; November cattle on feed higher

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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...

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