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…
12.20.2024
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
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
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...