Prices have been trending higher for crude and kosher crude glycerin in recent weeks, while refined prices have remained fairly stable. Weather, speculation, and strong demand from the animal feed sector are helping to underpin prices.
Colder weather has sparked some interest from the coal freeze industry with one glycerin trader noting he is currently selling all he can handle at nine cents per pound. Another trader with connections in the coal freeze industry has said several buyers purchased product earlier in the year and storage remains largely full, adding he doesn’t expect them to force prices too much higher in the near term.
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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...