Packer BFT traded lower on a Chicago basis this afternoon after higher offers went untraded on Friday, yesterday and again this morning. CWG traded at 71 Chicago, up 1.5 cents/lb from the last traded level.
Poultry fat prices were higher this afternoon as sellers continue to push to close the gap to other products in the animal fat market.
Distiller’s corn oil prices were lower today, following the heating and crude oil markets. Sources have reported that bids from renewable producers are lower and that at least one major producer is out of the market for the near term. The demand destruction combined with the lower energy prices has forced prices lower.
Used cooking oil is lower into the Gulf market, but prices did trade higher into the Atlantic Seaboard and Southeast markets. Light volume was reported as low as 67 cts/lb del into the Northeast.
US Fat Exports
Fat exports for January were released by the USDA showing a big…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...