The market was mostly quiet with many in the market returning home from the American Fats and Oils Association conference this week in Nashville, TN. The AFOA had a record high attendance and sentiment amongst many in the crowd was mixed, but there seemed to be more negative than positive price sentiment based on the big production of biofuels in the market relative to the US federal mandate.
Prices were lower for lard today, down to 90 cts/lb Chicago. Distiller’s corn oil (DCO) prices were lower today as well on pressure from soybean oil. Despite the move down, DCO remains the highest priced feedstock on an FOB basis across the low carbon intensity portfolio. A lack of imported volume has certainly helped DCO prices maintain a spread to soybean oil and to used cooking oil as well.
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04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...