Two cars of choice white grease (CWG) traded down to 42.5 cents per lb Chicago on Tuesday October 15, on what was otherwise a very quiet day.
CWG FOB Missouri River was indicated in a range of 40-44 cents per lb, with the bulk of action falling within the printed range.
With the American Fats and Oils Association (AFOA) meeting set to kick off in Nashville, Tennessee, on Wednesday October 16, many market participants were out of the office.
The general market tone is one of weakness based on a pronounced lack of demand for the fourth quarter of 2024.
Due to uncertainty over the biofuel tax credit heading into the New Year, buyers have commented that any commitment to specific feedstocks could be costly given the lack of direction from the Department of Treasury on the 45Z tax credit.
Currently, a blender using 100% soy methyl ester biodiesel (SME) qualifies for the blenders tax credit of $1 per gallon.
…
02.27.2025
CWG prices fall; broader animal fats markets steady
The US animal fats and oils markets were steady on Thursday, February 27 on slowing month-end activity, while sentiment remained under pressure from macro factors, including weaker soybean oil...
02.27.2025
Bloodmeal prices jump on limited spot supply
Ruminant bloodmeal traded higher on Thursday February 27, up to $1,425 per short ton FOB Missouri River and Texas Panhandle.
Strong demand in a tight spot supply market...
02.27.2025
High feedstock cost continues squeezing European biofuel production margins
European biofuel feedstock prices remained broadly stable in the week to Thursday February 27, applying additional pressure on biofuel production margins, with the spread between used cooking oil (UCO)...