Trading was relatively steady heading into the holiday weekend. Poultry fat prices did move higher into the Eastern market as Saturday and Monday downtimes are expected to tighten nearby supply and a few buyers have added on loads for coverage. Choice white grease prices continue to move lower out of the Missouri River market with trading done lower on an FOB basis. Hog slaughter is nearing the 400,000 head per week mark, estimated at 397,000 head today. The increased…
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...