*Please Note – Ryan Standard was out of the office today. He will return on Monday, October 30, 2023. In his absence, please contact Amanda Luhavalja at [email protected].*
The market was fairly quiet to end the week, with many travelling home from the North American Renderers Association (NARA) conference in Florida. Three railcars of packer BFT traded down 3.5 cents to 52.50 cts/lb Chicago, while three cars of render BFT traded down to 55 cts/lb Chicago. Two cars of choice white grease traded down two cents at 48 cts Chicago late this afternoon.
Lackluster demand for animal fats from the biofuels industry has pushed prices lower despite solid interest from the feed and oleochemical sectors. Additionally, the ongoing erosion in soybean oil and heating oil prices kept pressure on the market this week. Nearby soybean oil prices were down about five percent this week, while heating oil futures unwound three percent.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...