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…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...