The US animal fats and oils markets, aside from distillers’ corn oil (DCO), kept largely unchanged on Wednesday September 11, with many participants adopting a wait-and-see approach ahead of potential effects of hurricane Francine.
Market sources indicated that the hurricane could create a short-term buying opportunity in Gulf-adjacent markets, as some sellers look to shift prompt railcars of product away from the Gulf to hedge against weather-related risks and avoid unloading delays.
Meanwhile, the choice white grease (CWG) and tallow markets were mostly quiet on Wednesday, with no trading reported.
CWG in the Missouri River market was assessed stable on the day at 43-43.5 cents per lb. But market sentiment improved slightly, despite pressure from lower soybean oil prices, with sources continuing to highlight lingering supply tightness.
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11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
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Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
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Cattle slaughter six-week average projection down for holiday season
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Price pressure on ruminant meat...