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…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...