Crude and kosher glycerin prices were little changed again during the first week of February. Market participants indicated crude values in the 9.5 to 10.5 cents per pound range, with several reporting the market was still very quiet.
Glycerin supply was tight at the end of December 2023 and into January as cold weather forced the coal freeze industry to begin using stored glycerin. This caused several buyers to enter the market to replenish supply, which boosted prices. Glycerin values also moved higher at this time due to solid demand from the animal feed sector.
Crude glycerin is the main by-product of biodiesel production. Continued strength in domestic renewable diesel (RD) output, which was reported in December 2023, could impact glycerin supply in the weeks and months ahead. U.S. RD production reached a new monthly and an all-time record high of 273.0 million gallons in December 2023.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...