The market was fairly quiet today with most of the action limited to the distillers corn oil market. Trading was done as high as 64 FOB IN/OH for the 30 day and 60 day forward markets. Spot trading was quiet, but sources indicated that there is still some demand for January shipment and not a lot of supply available.
Choice white grease prices are poised to move higher in the near term on increased demand, higher prices for rail material and the potential for tighter supplies. The spread between BFT Mo. River and CWG Mo. River has been blown out over the last two months, hitting a high of 14.75 on the week ending November 12, 2021. For 2018 – 2020 the average premium for packer BFT FOB Mo. River is 3.23 cents per pound for the first quarter. Today that…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...