Three cars of tech tallow were offered lower today and unsold as of press time. Most end users are reporting their nearby needs are well met, and the extra material offered into/through the Chicago market has been met with a “no.” Used cooking oil trading was higher into the Gulf market and Southeast and out of the Illinois market. Buyers in the interior, both large and small, and exporters are paying up to secure material through December and into the first quarter of 2021. With COVID cases continuing to rise, so are the concerns of oversupply.
The trading range on choice white grease narrowed out of the Missouri River market today on limited action. There is plenty of material booked for shipment to the Eastern market, which is tight of fat, hence the higher prices for yellow grease and poultry fat today. Feed demand remains very strong ahead of the Thanksgiving holiday. Today’s…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...