Limited Production Pushing Relative Prices to Multi-Year Highs

Limited Production Pushing Relative Prices to Multi-Year Highs

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…

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12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

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