Grease Prices Continue to Climb

Grease Prices Continue to Climb

Four cars of renderer grade bleachable fancy tallow (BFT) traded higher today. Yellow grease, choice white grease and poultry fat prices were all higher today as well. Tight supplies and big numbers at the Board of Trade continue to drive the market higher.

Choice white grease (CWG) traded as high as 42.5 cents FOB Missouri River today on continued strong demand and limited availability. Biodiesel, renewable diesel and feed are all buyers at the higher prices. March and May corn prices were up sharply today, settling at $5.6075 and $5.4500 per bushel, respectively. At $5.45 per bushel, fat should start to see some downward pressure above 39 cents per pound or at 400 percent of the price of corn. The prior five-year average for CWG to corn futures out of the Missouri River market for March is 334 percent, which would translate to 32.75 cents per pound today. March values haven’t averaged over 400 percent of the price of corn since 2012. Prices are higher relative to soybean…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

*all fields required

More from the author

11.20.2020

Tallow Prices Steady Heading Into Holiday Break

11.04.2020

DCO Prices Steady, Production Increases

10.23.2020

BFT Continues to Defy Past Seasonal Trends

Blog

04.20.2021

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, April...

04.14.2021

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil...

04.14.2021

Apparel & Leather Goods Supply Chain Complications Persist

Apparel & Leather Goods Supply Chain Complications Persist

The Federal Reserve Economic Data (FRED) for the US industrial production index for apparel and leather goods was 62.6 points for February, down 14 percent from the prior five-year...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...