Four cars of packer bleachable fancy tallow traded higher today. Yellow grease continues to move higher in the California market with trading topping out at 35.50 FOB Los Angeles and San Francisco.
Nearly through the first half of the month, packer BFT is averaging 94.5 percent of the price of nearby soybean oil. The prior three month average for February is 84.1 percent, including last year’s COVID driven spike to 113.4 percent. If the relative price were to hold, it would the second highest February relative price on record, with last year being the highest. Given the limited optionality, which…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.