Choice white grease traded higher out of the Missouri River today. A wide spread to BFT, tight fat supplies in the East and coverage through the holiday break have all contributed to the move higher this week. Through the first two and a half weeks of the month, choice white grease FOB Missouri River has a relative price of 348 percent to nearby corn. The prior three year average for November is 323 percent, which suggests that prices are at risk for a downturn, but strong nearby demand and an overall tightness in the animal fats and vegetable oil markets are supportive of steady to higher prices in…
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...