Glycerin pricing has been stable and reports this week show prices rising slightly. The market has a history of volatility due in part to demand side economic highs and lows at home and in the export market, and to chaotic supply side issues with biodiesel production.
Biodiesel provides a steady supply of glycerin; every 100 pounds of biodiesel leads to 10 pounds of glycerol. Last year’s resurgence/renaissance in biodiesel production led to increased glycerin supply.
The market began to see a change in Q3/Q4 as margins began to decline. Biodiesel production slowed, as did glycerin supply. Prices started rising and there may have been an uptick in demand from the coal freeze industry.
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Ruminant meat and bonemeal relative to soybean meal
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