Bid and offer spreads continue to be reported in a very wide range on choice white grease (CWG) and distillers corn oil (DCO). Five cars of CWG traded down a half cent per pound on a Chicago basis. Bids are as low as 45 FOB today, but feed buyers are paying towards the top end of the range to secure material. A number of biodiesel buyers have stepped away from the market and this is driving some short-term pressure, but thus far most of the producers are holding fairly firm on their prices.
The EIA reported ethanol production down to 941,000 barrels per day for last week. The trop came despite expectations for continued, increases in production. There are a few plants that are undergoing spring maintenance and it could be May before production numbers start to steadily increase…
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...
01.28.2025
US weekly corn, soybean export inspections decline; wheat up 85%
Export inspections of US grains showed a decline for corn and soybeans, while wheat increased in the week to January 23, according to data from the USDA released on...
01.28.2025
Quiet hide market as cattle prices hit record highs
The hide market had minimal activity on Tuesday January 28, as Chinese tanners continued their Lunar New Year celebrations and global customers remained quiet, according to several hide sellers....