Three cars of technical tallow traded higher on a Chicago basis today. Two cars of packer bleachable fancy tallow traded at steady prices as did two cars of lard.
Hog slaughter finished last week at an estimated 2.54 million head, down 9.8 percent from year prior levels and down 2.1 percent from the week prior. Over the next six weeks, slaughter is forecast to average 2.52 million head per week, falling from 2.55 million head this week to 2.48 million head the week ending May 1st. The slower slaughter is expected to tighten up lard and choice white grease production through Aprill. The slowing production adds risk for higher prices to the…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...