**Please note, The Jacobsen will close at 1:00 PM CT on Wednesday and will not publish a bulletin on Thursday and Friday in observance of the Thanksgiving holiday. A price update will be published on Friday without commentary.**
Although actual trading remained thin, corn oil, sunflower, and cottonseed oil price indications softened this week by anywhere from 1-3.5 cents. Tepid demand from both the biofuels and non-biofuel sectors for vegetable oils has been leaning on prices, which are down sharply on the year. Crude corn oil in the Midwest was assessed in a range in the mid-60 cents per pound. Refined corn oil in the region was pegged at about a 10-cent premium to crude corn oil.
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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...