Please Note – The Jacobsen will close trading at noon CT on Wednesday, November 25th and publish the Animal Fats Bulletin shortly after. Our offices will be closed on Thursday and Friday for the Thanksgiving holiday.
Poultry fat prices were higher today driven by continued tight supplies and very strong demand through the south and southeastern markets. At 27 cents FOB AL/GA, poultry fat has a relative price to today’s corn market of 347 percent, which is 25 points over the prior three-year average for November. While well over the prior three-year…
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...