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…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...