Choice white grease (CWG) prices were higher out of the Indiana and Missouri River markets today on strong demand and limited offerings. Cheaper material is available for buyers who can arrange trucking on short notice. Throughout the market trucker shortages are creating buying opportunities, in small volume, at lower prices. Labor remains an issue throughout the supply chain and is contributing to the high relative prices to corn and soybean oil.
Yellow grease prices are steady with limited offerings reported. Bids for late Aug/Sep delivery into the Gulf have been indicated as high as 60 cents per pound. The historical relationship to corn suggests prices are due for a correction lower, but the strong demand is keeping material tight. Renewable diesel capacity is expected to grow by 40 between now and…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...