Tightness in the poultry fat market continues to drive fat and grease prices higher in the South through the Eastern markets. Prices for yellow grease and poultry fat moved higher today on limited supply and strong demand. Finding an offer for low acid material has proven challenging for some buyers, with both the feed mill and pet food demand very strong. Broiler slaughter is forecast lower over the next six weeks, averaging 150.5 million head, down 3.2 percent from last year and down 10.3 percent compared to the prior six-week average. Next week’s holiday interruption may provide some pause to the price rally…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...