Strong Grain and Veg Oil Futures Market Drive Animal Fat Complex Higher

Strong Grain and Veg Oil Futures Market Drive Animal Fat Complex Higher

Fat prices moved higher today in a number of markets with corn, soy and palm prices all dictating market direction. A number of sellers did stay on sidelines today, pushing for higher prices as the strong demand continues to mix with a very finite supply. March corn prices are up 18 percent since December 11th and at $4.93 per bushel, fat has a value in feed rations at 400 percent of the price of corn at 34.5 cents. Corn prices are expected to continue to rise in the near term, which adds additional upside risk to the animal fats markets. Tallow prices also have room on the topside with palm stearin values hovering around the $1000/MT FOB Malaysia mark, which puts material over 50 cents per pound on a Chicago basis. Shipping delays and congested ports also add a premium to the palm market versus tallow.

Yellow grease into…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

01.21.2021

Retail Protein Demand Forecast

Retail Protein Demand Forecast

The Jacobsen is forecasting animal protein sales will rise approximately 7% year over year in 2021.

01.20.2021

Trump Grants Two 2019 SRE’s as He Heads Out of Office

Trump Grants Two 2019 SRE’s as He Heads Out of Office

Pardons and commutations might be the most sensationalized of the last-minute acts presidents make but at least this year, there was another sneaky adjustment.  The Trump administration decided to aggravate the...

01.15.2021

Newly Released Hemp Rules

Newly Released Hemp Rules

Hemp Bulletin readers may have seen the news that the USDA today released the final rule for the US domestic hemp program.  After skimming the several hundred page document, there are some initial takeaways...

Latest Tweets

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Now you can hedge organic corn, wheat, soybean etc. https://thejacobsen.com/consulting/hedging-commodities/ #organic #corn #soybeans #wheat #grains

Load More...