Edible tallow traded lower today for ten cars. Lard traded lower for two cars. Trading outside of the edible tallow and lard markets was relatively quiet. Some down pressure remains on the feed fat market with buyers seemingly well bought, using less fat in June and sellers contending with heavy supplies.
Distillers corn oil production is estimated at just under 8 million pounds per day for last week, the highest production figures since March 27. The EIA estimated ethanol production at 837 million barrels per day, down 20 percent from year ago levels but up 9 percent from last week and up 56 percent from six weeks ago. With animal…
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...