Trading was mostly quiet today with few changes reported. Choice white grease continues to trade at steady levels out of the Missouri River market, 25 – 26 cents FOB. There has been light volume at 24 and 24.5. With the additional supply coming into the market from the increased production it’s reasonable to expect down pressure to continue on the near term. The corn market also suggests lower prices, the prior three-year average for November Missouri River relative price to corn is 323 percent, which would be just under 24 cents per pound. With that stated,…
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...