Technical tallow traded at 60 cents Chicago today even with Friday’s high. Blechable fancy tallow (BFT) trading was quiet along with the rest of the fat market. Sellers are mulling higher offers basis the red hot corn and soybean oil markets. May corn traded up to $6.80 today and at 400 percent of the price of $6.80, fat has a value of 48.5 cents per pound.
Hog slaughter finished last week at an estimated 2.47 million head, up 10.3 percent from a year ago levels and 0.8 percent from the week prior. Slaughter is forecast to trend lower over the next six weeks, projected at 2.47 million head this week and to 2.45 million head…
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...