Prices were higher across the board today on improving rail logistics and demand as well as higher soybean oil and energy prices. Soybean oil prices moved above 60 cents per pound for the October and December contracts, boosting bullish sentiment in the animal fats market. The increase helped distillers corn oil sellers move the market above 60 cents per pound FOB in a number of locations. Buyers were able to secure material as low as 59 FOB earlier in the day, but sources indicated product below 60 cents was becoming harder to find as the day progressed.
Choice white grease traded higher on a Chicago basis for five rail cars. Mo. River trading was higher as well in trucks. Yellow grease and used cooking oil prices moved higher on an FOB and delivered basis as demand from the renewable sector continues to heat up.
The…
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...