Prices in the US animal fats and oils markets ended Tuesday July 30 stable to lower, reflecting ongoing hesitancy to trade, especially outside the Gulf market, as well as lower soybean oil prices.
Gulf prices were broadly lower on the day, driven by the downturn in the heating oil and soybean oil markets, well-covered August positions and firm bids at lower prices.
The soybean oil futures market fell for the third consecutive day on Tuesday following the US Court of Appeals’ ruling on Friday July 26 that overturned at least some of the Environmental Protection Agency’s (EPA) 2022 denials of Small Refinery Exemptions (SREs) under the Renewable Fuel Standard (RFS).
The court decision has the potential to decrease overall demand for US biodiesel, according to market participants, and, along with favorable growing conditions, it is pulling down soybean oil prices, which is now being reflected in some animal fats and oils markets.
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01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...