*Please Note – Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
The tallow market moved sharply higher today, with five cars of packer BFT trading up to 63 cts/lb Chicago for shipment within the 30-day window. This was followed by an afternoon bid at 63 cts/lb Chicago for renderer. Demand is strong from a few different sectors, and material is very tight for low ffa fats due to elevated summer temperatures and a slower slaughter production schedule due to the July 5 holiday. The combination has led to supply tightness in not only BFT but also choice white grease (CWG).
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...