Price direction in the animal fat market was mostly sideways today. Six cars of edible tallow traded steady at 36 cents Chicago. Technical tallow was last offered at the equivalent of 35 Chicago for January, but thus far the market has been quiet.
Choice white grease prices did move higher today with 10 trucks seen at the top end of the range. At 29 FOB, choice white may start to get a bit toppy with BFT trading at 29.5 cents FOB Missouri River. Yellow grease prices are up out of the Illinois and Mo. River markets today as well, pulled higher by limited supply and the stronger choice white grease market.
Distillers corn oil trading has been mostly quiet this week, but values are lower out of the Illinois and Mo. River markets on scattered volume. Some production delays on the renewable side have some buyers looking for lower prices in big volume on nearby material, but the tighter holiday production and concern over future production tied to gasoline demand and…
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...