Six cars of choice white grease traded higher on a Chicago basis this afternoon. Trading was higher out of the Indiana market as well and there is risk for Mo. River prices to move higher in the short term due to the higher prices into Chicago and out of the Indiana market. Indications for choice white grease into the Gulf were strong as well, which also adds upside risk to the market.
Distillers corn oil prices traded in a wide range this afternoon with some material traded as high as 65 FOB River. Poultry fat traded higher out of a number of markets as well.
Sources indicated tightness in the renderer BFT market which adds continued risk to that market for higher prices. Spot availability is extremely limited and buyers needing to secure material may have to pay a higher price in the short term. Prices have…
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...