Fat Market Relatively Steady on Limited Spot Supply

Fat Market Relatively Steady on Limited Spot Supply

Trading was mostly steady this week on a number of products. Yellow grease and distillers corn oil were with big movers. DCO prices FOB Mo. River were up 2.3 percent compared to the week prior and YG FOB Mo. River was up 1.2 percent. The long holiday weekend, out-of-office time and the downtime at JBS all contributed to limited spot trading throughout the week. Price ideas are higher heading into next week basis the production interruptions. Demand dynamics remain similar to those of the past couple of weeks with renewable and chemical demand seasonally strong, but feed buyers have started to push back on price increases due to the high relative cost to corn. Sources have indicated that reformulations have been instituted in a number of markets, but thus far the strong demand from other sectors and tight, spot supply…

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