Animal Fats

Animal Fats

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….

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