Trading was very quiet today with no changes reported. There remains upward pressure in the tallow markets as buyers look to cover in material for Jan from a well sold market. Choice white grease prices were up again this week as sellers look to close the spread to tallow and buyers are left with few options. The fundamentals suggest feed and biodiesel buyers are starting to get altitude sickness at current levels. The HO-CWG spread currently sits at a – 74 cents per gallon and the current economics don’t leave a lot of room on the upside of the fat market for a positive margin. It’s unlikely that many plants are running on pure choice white grease this time of year. To offset the high price of veg oils needed to keep cloud points lower, buyers are…
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...