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…
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...