Trading was lower on poultry fat and choice white grease today. Choice white grease is heavy in several markets and buyers and sellers continue to struggle to find enough transportation to move loads in a timely manner. The shipping issues are compounding the demand issue, threatening to push prices lower in the short term. There are already reports of diminished demand from the biodiesel sector due to cold soak concerns heading into the cooler months and while rail shipments are allowed back into parts of the Gulf market again, new cars have yet to be billed and there is plenty of supply on the rails and on the water that needs to be consumed before new demand surfaces.
The lower choice white grease prices and increased availability have pushed poultry fat…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...