There was a lot of talk in the grease markets this afternoon about direction, but not a great deal of trading reported. Some sellers in the Midwest are pointing at AI losses and cheaper material being shipped in from the SE and are suggesting that prices are steady to soft. A good handful of sources, and not just sellers, are on the opposite side suggesting that summertime demand from the biodiesel market and tightening supplies are sending prices higher.
CWG…
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...