The overall tone of the market was firmer today with higher prices reported in the poultry fat, yellow grease and choice white grease markets. With buyers looking for coverage through the holiday break, sellers have been able to ask for and get higher prices.
The Alabama Georgia (AL/GA) poultry fat price was up a penny today and if the increase holds through the month, the monthly average will increase for the first time since February. Historically, September has brought lower prices to the market with values decreasing an average of 1.35 cents relative to August, over the last ten years. The holiday-related production interruptions, potential for higher corn prices and a strong, Midwestern fat market are all supportive of higher poultry fat prices out of the AL/GA market, despite past, seasonal trends.
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...