Crude values continue to see support in the Midwest. Producers are indicating 80 percent crude glycerin is trading in the 10 to 11 cents per pound range FOB the plant. “We are selling in the 10-11 cents per range, and our normal customers are buying as fast as we can produce,” according to one producer. Value is being quoted in this range from the Midwest to the Northeast.
Other producers indicated prices are holding around 10 cents moving westward across the Midwest. Animal feed is said to still be actively purchasing in the market, helping to hold values steady. One buyer indicated they were holding back on purchases, saying they had overbought earlier.
Kosher crude prices are also slightly higher this week. However, one producer indicated they have sold everything through Q1 and expect lower pricing in Q2.
Biodiesel
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...