Crude glycerin prices continue to stretch to new heights with FOB values reaching into the low to mid 20 cents per pound range and Kosher glycerin values receiving a premium to crude. A variety of factors appear to be lifting values to levels that appear to be at all-time highs.
One market participant stated they are rapidly looking at glycerin alternatives, as current market conditions are not sustainable. There are reports of some demand destruction occurring in animal feed and the export market, and there had been rumors that coal freeze purchasers might be stepping out of the market. However, now it appears that the coal freeze segment of the market will remain, as there had been some issues with alternatives they were looking to use.
Compounding issues on the demand side are a partial closure of China’s third largest port and vertically integrated agricultural producers…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.