Three cars of packer grade bleachable fancy tallow (BFT-P) traded higher into/through the Chicago market today. Renderer was offered higher, but thus far the interest to pay higher prices for BFT-R are minimal.
Poultry fat prices were up this week, driven by continued tight supply. Spot availability has been limited with strong demand from the feed sector taking in a lot of material. Prices out of the Mid South market are trading as high as 49 cents per pound today. A tight labor market is tightening the production numbers and with fewer birds going through the harvest facilities, there is less poultry fat being rendered. Corn is offering support as well. July futures are settled below this level at $6.9675, but rounding up and using $7.00 per bushel, the prior three…
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...