Prices in the animal fats and oils market were varied on Monday October 14 depending on the product, even while participants anticipated light trading this week due to attendance at a significant industry event.
Three cars of technical tallow traded on a Chicago basis at 49 cents per lb, falling by 0.50 cents per lb from the last traded price.
Meanwhile, the price range for choice white grease widened to 42.25-43.5 cents per lb on Monday, with trades reported at the lower end of the range.
In contrast, distiller’s corn oil (DCO) in the Gulf Coast market rose slightly throughout the day to 47 cents per lb delivered, based on trades conducted late on Friday October 11.
However, during Monday’s trading session, DCO bids were reported slightly lower at 46.0-46.5 cents per lb delivered in the Gulf, reflecting a downward trend in soybean oil futures.
…
10.15.2024
Tidewater opens expanded full-service biofuel, renewable diesel distribution facility
The USDA awarded Tidewater Terminal Company $3.1million from the its Higher Blends Infrastructure Incentive Program (HBIIP) to expand the availability of biodiesel throughout portions of Washington, Oregon and Idaho.
10.15.2024
Lack of guidance on 45Z tax credit sours market sentiment for US animal fats and oils
Two cars of choice white grease (CWG) traded down to 42.5 cents per lb Chicago on Tuesday October 15, on what was otherwise a very quiet day.
CWG...
10.15.2024
YTD porcine, ruminant meat and bonemeal prices widen relative to soybean meal futures
US animal protein prices were steady to slightly higher on Tuesday October 15, although limited price adjustments were indicated. Most market sources reported a steady tone due to limited...