The market was fairly active today, especially for the rail market, with trading done into the Gulf and Chicago markets. Four cars of packer BFT traded down to 39.5 cts/lb Chicago basis, and four cars of choice white grease (CWG) were traded at 35 cts/lb Chicago. CWG on an FOB basis was also lower out of the Missouri River market. Tallow traded into the US Gulf market at 40 cts/lb, down a ½ cent from the last traded level.
Distiller’s corn oil (DCO) traded into the Gulf at 48 cts/lb, but was largely quiet on an FOB/truck basis today. Indications were broadly in the “mid-40’s.” The Manly, IA market was lower as well.
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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...