Trading was mostly steady this afternoon with few changes reported. Choice white grease did trade in a wider range. There was significant volume indicated above today’s printed range and buyers may be paying a big risk premium to ensure coverage through the remainder of the year. Choice white remains one of the cheapest options for biodiesel production and it’s reasonable to expect demand to start to put a floor in the nearby market. December through February has historically been a period of heavier usage in biodiesel production. Looking at the monthly average from 2015 – 2019 usage of CWG was highest in April at 56 million pounds followed by December at an average of 54.8 million pounds. When looking at choice white grease as a percentage of total feedstock, January is…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...