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Choice white grease prices have edged up this week as demand from the biodiesel sector continues to be robust. Another factor supportive of the firmer prices is that there are still some issues yet meeting the FFA specification because of the summer temperatures, albeit less than a couple of weeks ago. Midwest temps are forecast to rise over the weekend making it more difficult for processors. Also supportive for prices is the increase in tallow and choice white prices in the Chicago market.
The July River relative price to soybean oil futures was 66.4%, about 3 percentage points below June and well below last…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...