Poultry fat prices moved higher into the Delmarva region as well as out of the Mid South market. Tight supplies across the feed fat spectrum are driving prices higher in those markets, but AL/GA prices fell to 20 cents FOB. The move lower out of the AL/GA market could be an indication of limited demand and in turn, a risk signal for lower prices across the broad market in the near term. Broiler slaughter has been on a decline since mid-March, which coincides with the spread of COVID-19. Production in January through the week ending March 14th, averaged just shy of 171 million head per week.
The next six weeks are forecast out at 159.3 million head per week, down 1 percent compared to the prior six week average of 161 million head and down 3 percent compared to last year. The tighter production adds risk for higher prices in the near term as does tight yellow grease supplies. However, eggs sets are down and flock sizes…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...