Four cars of renderer bleachable fancy tallow (BFT) traded higher today on a Chicago basis. Nearby demand continues, while offerings are slim. Choice white grease was steady today with limited spot trading reported. The big jump in the corn market has added additional upward pressure to the market. At 400 percent of the price of corn, fat has a value today of just under 38 cents per pound. Through the first half of the month, choice white grease FOB Missouri River has averaged 354 percent of the price of corn, 26.5 points over the prior three-year average. The relative price to corn has increased over the last three years as demand from the renewable sector…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...