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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...