Choice white grease prices out of the Missouri River market increased steadily over the last 12 weeks. The rally in both corn and soybean oil prices have been a significant driver in the market as has strong demand from the feed and biodiesel sectors. The bulk of trading has been done this week at an average of 27.5 cents per pound, but there have been indications of material trading as high as 30 cents FOB into the renewable sector.
Anecdotally, colder temperatures bring about reduced demand for animal fats from the biodiesel sector, but a closer look at the data show otherwise. Per pound usage in 2016, 2017, and 2019 was higher versus the third quarters of those same years. The average choice white grease usage in the fourth quarter for 2016 – 2019 is 49.9 million pounds per month; in the third quarter, the average is 40.5 million pounds per month. Additionally, choice white grease as a percentage of total feedstock usage increased in the fourth quarters of 2016, 2017,…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...