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,…
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...