Four cars of renderer grade bleachable fancy tallow (BFT) traded higher today. Yellow grease, choice white grease and poultry fat prices were all higher today as well. Tight supplies and big numbers at the Board of Trade continue to drive the market higher.
Choice white grease (CWG) traded as high as 42.5 cents FOB Missouri River today on continued strong demand and limited availability. Biodiesel, renewable diesel and feed are all buyers at the higher prices. March and May corn prices were up sharply today, settling at $5.6075 and $5.4500 per bushel, respectively. At $5.45 per bushel, fat should start to see some downward pressure above 39 cents per pound or at 400 percent of the price of corn. The prior five-year average for CWG to corn futures out of the Missouri River market for March is 334 percent, which would translate to 32.75 cents per pound today. March values haven’t averaged over 400 percent of the price of corn since 2012. Prices are higher relative to soybean…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...