Choice white grease prices were higher today, boosted by a strong tallow market and the expectation for tighter supplies moving into March. Chicago BFT had been at a 4.5 cent premium to Chicago CWG, 2.4 cents per pound above the prior three year average for February.
Lower weekly head counts on the hog harvest and lighter hogs tied to the extreme cold are expected to act as a double-edged sword, cutting into the grease production. The current corn market suggests choice white grease is getting towards the top end of a nearby trading range. At today’s price of $5.5625 per bushel, feed fat has a value at 400 percent of the price of corn of 39.75 cents per pound. Offers above that threshold are likely to be met with stern resistance heading into March and the potential for…
05.07.2024
Singapore Airlines Group orders SAF from Neste ahead of mandate
The Singapore Airlines Group (SIA) will be the first to receive sustainable aviation fuel (SAF) from Neste’s expanded Singapore refinery, the companies announced on Monday May 6.
SIA...
05.07.2024
Animal fats prices to US Gulf jump on growing demand
Choice white grease prices went up in FOB markets on Tuesday, with trading done in a range of 37.5-39.5 cents per lb FOB Missouri River. Prices were boosted by...
05.07.2024
Feathermeal, ruminant bloodmeal prices lower; March IE MM well above 3-year average
US domestic feathermeal prices were lower in all six regions on Tuesday May 7, with reports of buyer pushback due to excess inventory levels in the market.
Fastmarkets...