The yellow grease, choice white grease and poultry fat markets traded at higher prices today. Soybean oil and higher prices on tallow have contributed to the upswing in the grease and poultry fat markets. The overall tone of the market was relatively quiet. The May soybean oil contract settled at 57.02 cents per pound today, up 0.65 cents from yesterday. Intraday trading was as high as 58 cents per pound, which pushed a number of sellers to the sidelines. Buyers were having a hard time drawing out offerings, but the sinking heating oil market did little to entice biofuel producers to pay higher prices. The heating oil – bean oil (HOBO) spread widened again today, but RIN values failed to increase enough to offset the change. Soybean oil has led the charge higher, but a weaker heating oil market and flat RIN prices may pose a risk to the longevity of the price rally and may start to…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...