Choice white grease traded lower out of the Missouri River market today as additional supply is pressuring prices lower. Chicago choice white was offered lower today and was untraded, renderer and packer bleachable fancy tallow were both offered lower as well and were untraded as of press time.
Hog slaughter is up 40 percent relative to three weeks ago and cattle slaughter is up 32 percent relative to three weeks ago. Choice white should start to see some support at the 20 cent level, maybe testing lows at 19 cents. With corn at 3.18/bu, fat at 350 percent…
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...