Two cars of lard traded up to $0.3500 Chicago today. Renderer BFT action was steady, two cars at $0.2700. Outside of the lard and BFT trades, the market was very quiet. Next week looks to be fairly quiet as well in terms of trading as many manage logistics ahead of the holiday.
Tallow, both technical and BFT are strong heading into December. Looking at the relationship to soybean oil the fundamentals would suggest that prices are due for a correction lower…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...