Trading in the grease and tallow markets was mostly quiet today. Holiday increases worked their way into yesterday’s pricing and the rally tied to the shortened production week seems to have run its course on the rendered products. Yellow grease traded lower into the Carolinas and KS/TX market today. Distillers corn oil (DCO) prices moved higher today. Strong soybean oil values and continued, strong demand from the biodiesel and feed sector are driving the market. The feed buyers have been the larger of the two demand variables at the moment, with all veg feeders limited on replacement feed oil. DCO production remains well below prior year levels. Last week’s estimated production of 8.75 million pounds is down 11 percent from the year…
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...