Porcine fat traded higher today with Chicago lard, Missouri River choice white grease and Carolinas choice white grease prices higher. Production remains strong, but increased interest from biofuels and improved feed demand have helped to push the market higher. Yellow grease did trade lower into the KS/TX market this week. The overall tone of the market is steady to slightly higher. The must-sell loads that were widespread over the last two to three weeks seem to have evaporated. Producers also seem to be less in a catch up mode, which helps explain improving feed demand and ration inclusion rates that are closer to historic norms.
Distillers corn oil trading was unchanged this week. Truck demand is steady to stronger for feed and local biodiesel production. The EIA…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...