Trading was lower into the US Gulf market to start the week on trading done late Friday and again today.
Tallow prices fell to 41 cents lb delivered, and sources have reported that there is some demand disruption in the Chicago market, but nothing that suggests an imminent move lower in the tallow market.
Fat demand is expected to slow in April on planned downtime for at least two renewable plants in April and May. However, the potential for opportunistic buys from those with storage capacity remains present, especially with soybean oil prices running higher.
Distiller’s corn oil (DCO) did trade higher into the Gulf today, topping out at 51.5 cent lb delivered. Bids were heard at 46.5 cents lb. DCO trading into Manly, IA was higher as well. UCO trading was done as low as 41 cents lb into the Gulf and yellow grease prices moved lower as well.
Hog Slaughter Forecast
…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...