Three cars of CWG traded at $0.2750 Chicago today and there was a bid for packer material out at $0.2950 Chicago for April shipment. Trading elsewhere was very quiet with many getting caught up after the holiday weekend.
Weekly Review
The market again was fairly flat last week. Yellow grease trading was down by 6/100th of a cent compared to the prior week’s average. Trading into the Gulf was lower by a full penny, which was the main driver of the lower average price. Sources have commented that big biomass diesel in that region have pushed price down.
Poultry fat and distillers corn oil saw the biggest changes, up just over a quarter of a cent and just under a half cent, respectively.
Poultry fat continues to see higher prices related to tight supplies in the market. Corn oil demand has picked up in the all-veg sector and supplies are tighter as a number of ethanol plants are undergoing seasonal maintenance.
Please contact Ryan Standard at 563.223.9021 or [email protected] with any questions, comments or trading.
| Today | Last Week | Last Year | WTD | |
| Broiler Slaughter | 31,177,000 | 31,702,000 | 32,272,000 | 31,177,000 |
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
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