**Please Note – The Jacobsen will not publish an Animal Fats Bulletin on Friday, April 2nd. We will resume our normal publication schedule on Monday, April 5th.**
Ten cars of packer bleachable fancy tallow (BFT) were offered out at 55 cents Chicago today and unsold as of market close. The May soybean oil contract settled 2.46 cents per pound higher today after the USDA planting intentions and stocks reports came in under expectations. Most buyers seemed to be taking a wait-and-see approach this afternoon. Yellow grease did trade lower out of the Illinois and Missouri River markets in some early day action. Both biodiesel and feed buyers had dramatically lower bids out from last week through today. While an increase in soybean oil prices suggests higher fat and grease prices, the lower heating oil and RIN prices will do little to encourage biofuels producers to increase their bids. Feed buyers in the…
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...