The market was fairly quiet today with few changes reported. Choice white grease did trade higher out of the Missouri River market with biodiesel demand continuing to pull the market higher. At an average of 20.75 cents FOB, the increased demand from biodiesel shouldn’t be a surprise. A relative price of 71 percent is 18 points under the prior three-year average for July and 16 points under the prior three-year average for August. Tight, cash soybean oil supplies are also pushing more demand into the choice white market for fuel production….
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...