Yellow grease prices traded higher today, sellers are pushing prices up on higher board prices and buyers don’t have many, if any, cheaper options at the moment.
Ethanol production was estimated by the EIA at 933,000 barrels per day for the week ending January 22nd. The production estimate is the lowest since the week ending October 16th of last year. The lower run rate has contributed to tighter corn oil supplies with The Jacobsen estimating weekly production at an average of 8.87 million pounds per day, down 11 percent from the week prior the prior three-year average. The tight supplies combined with another run higher on soybean oil have contributed to higher prices in the DCO market. Decarbonization schemes and…
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...