An overall negative tone in the fat market spilled into the tallow trade today. Five cars of packer bleachable fancy tallow (BFT), three cars of renderer BFT, and three cars of technical tallow traded lower on a Chicago basis this afternoon. Sellers are seeing pressure from the renewable industry as well as from the chemical and feed markets. Yesterday’s move lower in the distiller’s corn oil (DCO) market was a strong signal of negative price momentum and it’s reasonable to expect further corrections to the downside in the near term on BFT as well as choice white grease (CWG). The prior three-year average premium for DCO to CWG FOB Missouri River for April is 3 cents. DCO is…
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...