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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...