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…
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...