Six cars of technical tallow traded at 80 cents per pound Chicago basis, two of the six cars are for shipment within the 30 day window. The BFT market, both renderer and packer, were steady to quiet today.
Choice white grease prices were up sharply today, indicated as high as 60 cents per pound FOB Mo. River. Feed buyers are still securing material towards the bottom end of the range, but strong renewable demand has contributed higher prices on the top side, an in turn a very wide range. Yellow grease prices were reported at 67 delivered Gulf for February and March, which will continue to drive choice white prices higher in the near term.
Distillers corn oil prices were higher late yesterday and today on strong demand and a surging soybean oil market. Big buys from China, weather concerns in South America and the potential for military conflict in Europe are all contributing a bullish nearby market. The EIA released ethanol production estimates of 1.053…
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.