Tight supplies coming out of the holiday-shortened week have contributed to higher prices in the poultry fat market. Prices were up 1 – 2 cents across the board today as buyers pay up to secure material, both end users and some covering in shorts. The relative price of Mid South poultry fat to corn shot up to 432 percent in March, 45 points over the prior three year average. Today’s average Mid South poultry fat price is 455 price of the price of corn. Buyers have started to kick material out, but again short positions are…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...