Nearby Demand Absence Spurs Big Drops in Fats and UCO Market

Nearby Demand Absence Spurs Big Drops in Fats and UCO Market

**Please Note – Ryan Standard will be at the NARA Conference in Naples, FL for the remainder of the week. In his absence, please contact Amanda Luhavalja at [email protected].**

It was a very active day in the animal fat market at mostly lower prices. Sellers were active coming out of the AFOA conference last week and ahead of the North American Renderers Association (NARA) conference this week. The general sentiment in the market was that there are a lack of buyers in the biofuels market and feed and oleochemical demand remain present, but at lower prices.

Choice white grease was steady today out of the Mo. River market, but the smaller volume trades at higher prices that were present last week have evaporated. The bulk of volume today was done at 50 cts/lb FOB Mo. River and Carolinas, although there were several trucks that traded as high as 52 cts/lb FOB Mo. River.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.06.2024

Strong biodiesel production seen weighing on crude glycerin prices

Strong biodiesel production seen weighing on crude glycerin prices

The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...

05.06.2024

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team

Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...

05.06.2024

Year-to-date commercial cattle production falls 2.30% y-o-y

Year-to-date commercial cattle production falls 2.30% y-o-y

US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.

US hog slaughter
Fastmarkets research...

Latest Tweets