Bleachable Fancy Tallow (BFT) was offered lower through the Chicago market today for both render and packer material. As of press time no trading or bids have been reported. The increase in cattle slaughter is adding extra material to the market and some slowdowns on the demand-side have contributed to weaker numbers.
Ethanol production was up again last week, estimated at 765,000 barrels per day by the EIA. Gasoline demand was up as well hitting a near term high of 317.1 million gallons last week. Distillers corn oil production at 7.3 million pounds per day was up 5.6% relative to the week prior and down 26% compared to the prior three year average. The additional supply…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...