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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11.21.2024
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...