Choice white grease traded steady into the Chicago market for one rail car. Missouri River trading was quiet today. A lack of availability in the spot market is keeping prices in check and the one and two truck trades that are popping up in the market have been done in a very wide spread. The risk for lower prices in the choice white market remains present with corn hovering around the $3.20/bushel mark, which at 400 percent gives corn as a fat ingredient a price of 22 7/8 cents per pound. The pork…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...