Choice white grease moved higher into/through the Chicago market. Trading out of the Missouri River market was steady today. Yellow grease traded higher FOB Missouri River and Illinois as stronger prices in choice white and DCO pull that market higher. Used cooking oil traded higher as well out of the Illinois market with some biodiesel facilities paying up to secure low carbon intensity material.
Distillers corn oil hit a high of 27 cents today out of the IN/OH market as tight soybean oil supplies and increasing demand from the all veg sector continue to drive the market up. There is strong demand through the fourth quarter and the fundamentals suggest prices still have some upside, particularly in the forward markets, with soybean oil in the 31.5 – 32 cents per pound range. Ethanol production was marginally higher last week compared to the week prior, up…
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...