Choice white grease (CWG) prices traded higher today on strong demand from the feed and biodiesel sectors. Limited optionality remains the dominant theme driving the market at the moment, particularly for choice white grease and yellow grease(YG). For feed, the option is to include more corn. Cash basis remains at a premium to the futures price and at $5.60 bushel out of Decatur, IL today’s CWG market remains at a sub 400 percent of the price of corn. Carcass quality is likely to dictate continued inclusion of choice white grease at current values.
CWG remains well discounted to soybean oil and with yellow grease prices rising and availability limited, the cost both in…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...