Choice white grease traded higher out of the Missouri River and Indiana markets today. Chicago CWG will be unquoted by end of day tomorrow if there is no trading or bid/offers reported. Demand from the biodiesel sector is the driver of higher prices, but there is some indication that feed demand has begun to slow at these higher prices.
Yellow grease prices were steady today with no changes reported. The Missouri River yellow grease market moved higher through the month of September, following the choice white grease market. The fundamental relationship to corn suggests lower prices in the near term. The relative price to corn for the month of September is 326 percent, 31 points under the prior three-year average. However, the prior three-year average for October is 305 percent, which implies a value of…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...