Trading finished the week on a relatively quiet note with one car of tech tallow traded up a penny on a Chicago basis. Choice white grease traded outside of the Chicago rail corridor, but at a price that nets to 68.5 Chicago. The Chicago CWG price will be unquoted at end of trade on Monday if there is no action.
For the week, prices moved higher on improved margins in the renewable fuel industries. However, demand from the feed sector is lower for low acid fats due to lower priced alternatives. Sources have indicated that demand from the renewable sector, at present, is strong enough to offset the loss of demand and keep prices steady.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...