Animal Fat Prices Increase

Animal Fat Prices Increase

Choice white grease traded higher out of the Missouri River and Indiana markets today. Chicago CWG will be unquoted by end of day tomorrow if there is no trading or bid/offers reported. Demand from the biodiesel sector is the driver of higher prices, but there is some indication that feed demand has begun to slow at these higher prices. 

Yellow grease prices were steady today with no changes reported. The Missouri River yellow grease market moved higher through the month of September, following the choice white grease market. The fundamental relationship to corn suggests lower prices in the near term. The relative price to corn for the month of September is 326 percent, 31 points under the prior three-year average. However, the prior three-year average for October is 305 percent, which implies a value of…

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