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...
Renderer bleachable fancy tallow (BFT-R) prices moved higher today on a bid to buy multiple rail cars for shipment within the 30-day window. Sellers passed on the higher offer, making it reasonable to think buyers will have to pay higher prices to secure material. Yellow grease traded higher out of the Illinois market this afternoon.
Hog slaughter finished last week at an estimated 2.76 million head, down 0.4 percent from year prior levels. The slaughter is forecast to trend lower over the next six weeks, projected at 2.8 million head this week and down to 2.5 million head on the week ending January 23rd. The holiday production interuptions are…