Animal fat prices continue to trade higher, chasing the soybean oil market. The USDA released the World Agriculture Supply and Demand Estimates (WASDE) today with no big changes reported. Non-biomass-based diesel usage was upped by 200 million pounds and exports lowered by 150 million pounds. Soybean oil prices settled at 53.57 on the May contract and 55.15 for the March. Heating oil prices were slightly lower today with further boosts the spread between feedstocks and heating oil.
Choice white grease prices are up a penny out of the Missouri River market. There remains unfulfilled demand in the market and there is risk for higher prices to continue through the week. Poultry fat and yellow grease prices are higher as well. Supply remains tight and buyers have limited optionality on…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...