CWG Prices Near All Time Highs for May

CWG Prices Near All Time Highs for May

Please Note – The Jacobsen will begin our summer publication hours tomorrow, Friday May 28th. We will close trade on Fridays through September 3rd at noon CT and publish shortly after. The Jacobsen offices will be closed on Monday, May 31st for the Memorial Day holiday.

One car of technical tallow traded late yesterday at 65 cents Chicago. Ten cars were offered out at 64 cents Chicago and untraded as of press time.

Choice white grease (CWG) prices were flat today with no changes reported. The monthly average for May is going to be the second highest since the 50.77 cents pound average in May of 2011. The all-time high for a monthly average is June of 2011 at 52.48. It’s reasonable to expect the monthly average high to be surpassed this year as strong demand continues to push the CWG market higher. Corn may be a limiting factor to the upside in the near term. The Mo. River relative price to corn is…

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