Choice white grease traded in a very wide spread today with loads reported in a range of 46 – 55 FOB. Trucks were reported as high as 62 FOB from trading yesterday out of the Mo. River market. Production interruptions and shipping complications are contributing to the wide range. Buyers able to arrange trucking in short order have been able to buy at the lower end of the range and sellers moving material outside of the one to two-week window are commanding a premium. There is real concern in the market is over supply availability moving through January as COVID-19 cases continue to short-staff packing plants as well as all points within the logistics chain.
The EIA estimated ethanol production at 1.006 million barrels per day for last week, the lowest output estimate since the week ending October 1st. The Jacobsen estimates distiller’s corn oil (DCO) production at 9.55 million pounds per day for last week. Production is off 4.0 percent from last week and up 6.9…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.