The market was fairly steady today, but additional weakness is building in the feed fat market due to strong supply. Choice white grease did trade lower out of the Missouri River, $0.1750 – 0.1850 FOB. Poultry fat prices were steady, but additional loads are starting to show up in the market with some feed users filling up their demand quickly this week.
Distillers corn oil prices were unchanged today. The EIA estimated ethanol production at 914,000 bbl/day for last week. Distillers corn oil production is estimated at just under 8.7 million pounds per day for last week, up 1.6 percent relative to the week prior. Despite the increase, production remains 11 percent under the prior three year average. Soybean oil above 29…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...