Four cars of packer bleachable fancy tallow (BFT) traded down a penny today. Choice white grease was steady with limited action in the spot market. Supply has been moving at $0.1900 cents and above and a bottom may be starting to settle on the market. At an average of $0.1975, choice white grease has a relative price to corn of 342 percent, which is 40 points under the prior three-year average. A lot of heavy livestock appear to be in queue for the abattoirs and feeders are continuing with low energy…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...