Trading was mostly quiet to close out the week. Choice white grease and distiller’s corn oil (DCO) traded at steady prices. The soybean oil futures market collapsed following today’s USDA World Agriculture Supply and Demand Estimates (WASDE) report that forecast a big increase in soybean production and crush for the 2023/24 marketing year. July SBO futures were off 1.63 cts/lb from yesterday’s close. It’s reasonable to expect that the soybean oil market and next week’s Jacobsen Biofuels and Feedstock Conference to keep activity quiet for the first part of the week. A number of buyers have been quick to point out the widening spread between animal fats and soybean oil.
Animal fat prices continued to climb this week on most products. Chicago packer BFT traded up 0.4 percent compared to last week’s average on trading yesterday at 56.5 Chicago. Choice white grease (CWG) had the biggest week-on-week increase at 3.2 percent. Strong demand from feed and fuel buyers have helped to…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...