Choice white grease prices were higher today, boosted by a strong tallow market and the expectation for tighter supplies moving into March. Chicago BFT had been at a 4.5 cent premium to Chicago CWG, 2.4 cents per pound above the prior three year average for February.
Lower weekly head counts on the hog harvest and lighter hogs tied to the extreme cold are expected to act as a double-edged sword, cutting into the grease production. The current corn market suggests choice white grease is getting towards the top end of a nearby trading range. At today’s price of $5.5625 per bushel, feed fat has a value at 400 percent of the price of corn of 39.75 cents per pound. Offers above that threshold are likely to be met with stern resistance heading into March and the potential for…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...