Yellow grease prices traded higher into the Carolinas today on tight supplies. Trading outside of the Carolinas was flat, but there is risk for higher prices in the near term. Yellow grease FOB Illinois is averaging 39.5 cents for April, which is 338 percent of the price of nearby corn. The prior three-year average for May is 336 percent. The haptoral relationship suggests prices are well balanced at the moment, but big demand and a strong soybean oil market are likely to keep relative prices well above prior year’s average. The February through April market has averaged 48 percent points over the 2018 – 2020 average. Additionally, a wide spread to choice white grease is likely to drive the market higher in the near term….
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...