A major winter storm dropped heavy snow across much of the Midwest which has kept a number of buyers, sellers and traders busy with logistics today. There were some distressed loads reported for choice white market (CWG), but the overall action today was steady out of the Mo. River market. Trading was higher out of Indiana at 34 – 34.5 cents per pound.
Yellow grease prices moved higher in a number of markets today. Friday’s losses in the corn, soybean and soybean oil markets are just a fleck in the rearview mirror after big gains yesterday and today. Tight balance sheets on the grain, oil and oilseeds have contributed to tremendous volatility. Buyers don’t have a lot of options and the higher priced corn values have helped to push the yellow grease numbers higher. Today’s corn market…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...