Choice white grease traded higher into/through the Chicago market today, up a penny from the last traded level. Trading out of the Missouri River market was steady. There are reports of resistance at higher values and some reformulations from the feed sector, but thus far demand reduction hasn’t been enough to create the extra, second half of the week loads, that will eventually show up and drive the market lower. The nearby corn market moved higher today at 400 percent of the price of corn, fat has a value of just over 27.25 cents per pound. November heating oil…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...