The week closed with higher prices in the choice white grease, yellow grease, UCO and brown grease markets. Concerns over supply availability and big demand from the chemical and renewable sectors have contributed to the higher prices this week. As competition has increased, both in terms of total feedstock needed as well as the number of producers buying feedstock, buyers are paying higher prices to try and attract more supply.
Choice white grease prices are up 12.9 percent from last week and are up 36 percent over the last four weeks. DCO prices hit 70 cents per pound FOB this week. The weekly average for the Mo. River market is up 6.8 percent week-on-week and up 22.3 percent over the last four weeks. Packer BFT, which has been indirectly influenced by renewable demand, is up 7.3 percent from last week and up 27.5 percent over the last four weeks.
Figure 1.
…
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...