Ultra low sulfur diesel/heating oil prices settled at $4.4373/gal for April futures today at the CME, up just over 51.5 cents/gal on the day. Prices were up from the start of trading this morning and distillers corn oil traded as high as 91.25 del US Gulf, supported partially by the higher prices. Trading was done in a range of 82 – 85 FOB most locations with action out of the Mo. River as high as 88 FOB. Choice white grease prices were higher today, but on limited volume. Low acid poultry fat was sharply on higher on tight supplies and strong end user demand. Stabilized poultry fat was higher as well, but to much less of a degree.
It’s reasonable to expect most of the trading to be pushed to the second half of the week while buyers and sellers try to wait out the volatility at the exchanges and digest tomorrows WASDE report. There remains a concern that the Biden…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...