Big Price Jumps on Limited Optionality, Strong Demand

Big Price Jumps on Limited Optionality, Strong Demand

There continues to be big moves in the market and a very wide range on price reports up and down the price guide. Choice white grease prices were up sharply out of the Missouri River today with buyers paying a premium for substantial volume into February. Sellers looking to move smaller volume sales (2 – 5 trucks) are trading at the bottom end of the range. Yellow grease prices traded higher again today, pulled up by the choice white market and big feed and bio demand. Trading into the Kansas/Texas market was higher, topping out at 33 cents delivered but with good volume as low as 29.

A number of sellers went long at the end of 2020, into Jan and Feb on sales that have been indicated in the high 30’s delivered for yellow grease, but to a limited market sector. These sales are factoring into big moves and big price spreads…

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