Trading was very quiet to start the week with the sole exception being a big jump in the Gulf used cooking oil market. Supplies are right, both due to the usual logisitical challenges that come with the winter season, but also due to slower restaurant business tied to the spread of COVID-19 cases.
For the week ending February 5th, 2022, hog slaughter is forecast at 2.550 million head, a 4.6 percent drop from 2021, a 4.6 percent decline from 2020, and a modest increase over the prior week. According to the USDA Actual Slaughter Under Federal Inspection for January 15th, average live weights are currently at 294 pounds, one pound below the respective period for 2021 and one pound higher since the start of December 2021. Over the next six weeks, hog slaughter is projected at an average of 2.504 million…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...