Risk Building For Higher Yellow Grease Prices

Risk Building For Higher Yellow Grease Prices

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….

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets