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…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...