Yellow grease traded higher out of the Illinois and Missouri River markets as well as into the KS/TX and Gulf markets. A wide spread to choice white grease and steady demand have pushed prices sharply higher today.
Distillers corn oil prices are unchanged on limited trading. Indications for the next trading level are sharply higher with offers reported as high as 53 FOB Midwestern ethanol plants. Production remains tight with seasonal downtime continuing to keep a lid on production. The EIA estimated ethanol production at an average of 945,000 barrels per day for last week. The Jacobsen estimates DCO production at 8.97 million pounds per day, up 68 percent from last year and down 7 percent from the…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...