Trading was mostly quiet today with few changes reported. Choice white grease continues to trade at steady levels out of the Missouri River market, 25 – 26 cents FOB. There has been light volume at 24 and 24.5. With the additional supply coming into the market from the increased production it’s reasonable to expect down pressure to continue on the near term. The corn market also suggests lower prices, the prior three-year average for November Missouri River relative price to corn is 323 percent, which would be just under 24 cents per pound. With that stated,…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...