US prices for animal fats and oils were mostly unchanged on Monday August 5, with muted market activity while participants continued to monitor the downtrend in soybean oil futures.
Yellow grease was the only market to show any price movement throughout the day, with material in the Chicago market assessed at 38-39 cents per lb, down by 1 cent per lb from Friday August 2.
This slight decline on the day aligned with the downward pressure in other fats and oils markets last week; it also brings the Chicago market to near parity with the Missouri River market, which was assessed at 37-38 cents per lb, unchanged on the day.
Market sources cited shrinking margins for renewable diesel — which are nearing unprofitability — along with additional external pressures as the primary reasons for the decline.
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11.27.2024
Regional biodiesel prices stable amid low buying, selling interest
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