Ten cars of packer and ten cars of renderer BFT traded higher on a Chicago basis today. Technical tallow was higher as well in a one car trade. Strong interest for nearby material persists, but buyers are having a hard time finding offerings in the market.
Distillers corn oil (DCO) prices were higher again today with buyers finding it increasingly difficult to buyer spot material below 60 cents per pound FOB. The DCO market is following the strength in the soybean oil market and there is some inventory building that is ongoing ahead of the rapidly approaching capacity expansions in the US renewable diesel market. The EIA estimated ethanol production at 1.041 million barrels per day for last week, down 26,000 barrels per day from the week prior. The long, holiday…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...