Animal Fats

Animal Fats

Distiller’s corn oil (DCO) prices continued to trend lower today. Trading on an FOB basis was done out of the Midwestern markets in a range of 41-43 cts/lb FOB with IL/WI and Mo. River action topping out at 42 cts/lb today.
Trading reported from late yesterday and today had the Gulf market higher for used cooking oil (UCO) and yellow grease on Thursday, up to a high of 42 cts/lb for UCO and 40.5 cts/lb for yellow grease.
Multiple sources have indicated that there is increased competition in the Gulf market for fat and this is contributing to the run up in prices this week. However, lower bids were heard late in the day and sinking RIN market and lower interior prices may arrest the upward momentum.
The EIA released data on operable capacity and feedstock usage in the biofuels market for December 2023 on Thursday. Operable biodiesel capacity shrunk in December relative to November, down to 2.073 billion gallons from 2.079 in October and November.

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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