The overall animal fat market was relatively quiet today, with a few logistical issues lingering after the holiday break. Poultry fat was the exception, with prices up today, continuing a bull run in the market. The AL/GA poultry fat market finished the month of November up 18 percent from October’s monthly average. The 25.18 cents per pound monthly average was the highest for November since 2012 when the month closed at an average price of 31.35 cents per pound. Tight supplies, strong soybean oil and corn values, and significant demand contributed to the big move higher. While the monthly average was the highest in 8 years, the relative price to corn at 339 percent was not too far off of the prior three-year average of 322 percent and well…
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...