The US animal fats and oils markets closed the week to Friday September 20 unchanged, with limited trade reported.
The only notable movement was in the Midwest yellow grease market, where prices were discussed in a slightly lower range, along with softer bids heard in the FOB Midwest distiller’s corn oil (DCO) market. However, no trades were confirmed by the close.
“Quiet is the word of the week,” one source said. “Not seeing much of anything trade.”
The muted activity has been largely attributed to participants having well-covered positions for September, with their focus shifting towards October and November.
Market sentiment also seemed cautious as participants awaited the start of a record harvest season and faced uncertainty surrounding the implementation of new 2025 legislation, contributing to the current standstill in the market.
…
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...
11.25.2024
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...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...