Four cars of packer BFT traded higher into the Chicago rail market late yesterday. The top side of the Missouri River choice white grease market moved higher today with sellers seeing good demand from the biodiesel sector. At an average of 27.5 cents per pound, choice white grease has a relative price to nearby corn of 417 percent. At + 400 to nearby corn, feeders have historically formulated more corn in the rations and less grease.
Yellow grease and poultry fat prices moved higher as well. The poultry fat market has been boosted by higher Midwest prices, strong corn and corn oil values and strong demand from the turkey sector. Big soybean oil demand through the fourth quarter has limited optionality for the biodiesel industry and buyers looking for high iodine value…
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...