More choice white grease (CWG) traded at 53.5 Chicago today, some cars within the 30 day window and additional tonnage for May. Offers for CWG out of the Missouri River market were as high as 50 cents FOB, but the bulk of action today was in the 45 – 47 cents per pound range. Warmer weather is helping to facilitate increased demand from the biodiesel sector and buyers continue to face an environment with limited optionality for feed ingredients and feedstocks.
Distillers corn oil (DCO) trading was done at higher prices today up and down the geographical gamut. Higher soybean oil prices are contributing to the increases as is big demand from the renewable sector and continued demand from the all-veg poultry sector. Delivered values into feed have been indicated as high as 62 cents per pound for April. Bids for May arrival DCO have been indicated at 57 cents delivered Gulf.
The influence of soybean oil (SBO) is not lost on poultry fat with values up in those markets…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...