Crude values continue to see support in the Midwest. Producers are indicating 80 percent crude glycerin is trading in the 10 to 11 cents per pound range FOB the plant. “We are selling in the 10-11 cents per range, and our normal customers are buying as fast as we can produce,” according to one producer. Value is being quoted in this range from the Midwest to the Northeast.
Other producers indicated prices are holding around 10 cents moving westward across the Midwest. Animal feed is said to still be actively purchasing in the market, helping to hold values steady. One buyer indicated they were holding back on purchases, saying they had overbought earlier.
Kosher crude prices are also slightly higher this week. However, one producer indicated they have sold everything through Q1 and expect lower pricing in Q2.
Biodiesel
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...