Posted on Sep 14, 2017 in Animal Fats & Oils

Trading in the tallow market was very quiet today with no action reported. CWG trading was steady, $0.2800 – 0.2875. Sources reported that truck interest is very strong and while there is Chicago rail interest at $0.3150, buyers can’t find an offer.

Yellow grease trading was up a ½ cent of the NY market, $0.2750. KS/TX trading was up a ½ cent from the previous low, $0.2750 – 0.2850.

Ethanol production was off 1.23% compared to the week prior with the EIA pegging output at 1.047 mil bbl/day for the week ending 9/8. RFS eligible output is estimated at 6.792 mil lbs/day for the week, off the same percentage as ethanol. Sources have suggested that production will start to slow as plants take down time in late September and October. Trading today was consistent with yesterday’s action with values reported $0.2950 – 0.3000 FOB Mo. River and Illinois action reported $0.3000 – 0.3050 for Oct and Nov. Manly trading was done at $0.3100 delivered. Biodiesel appears to be gearing up for a hard run through the end of the year with a big gap in demand created from the Argentine duties, both the US imposition and the EU relaxation of.

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Please contact Ryan Standard at 563.223.9021 or ryan@thejacobsen.com with any questions, comments or trading.

Broiler-Type Eggs Set in the United States Up 4 Percent

Hatcheries in the United States weekly program set 218 million eggs in incubators during the week ending September 9, 2017, up 4 percent from a year ago. Hatcheries in the 19 State weekly program set 209 million eggs in incubators during the week ending September 9, 2017, up 4 percent from the year earlier. Average hatchability for chicks hatched during the week in the United States was 83 percent. Average hatchability is calculated by dividing chicks hatched during the week by eggs set three weeks earlier.

Broiler-Type Chicks Placed in the United States Up 3 Percent

Broiler growers in the United States weekly program placed 182 million chicks for meat production during the week ending September 9, 2017, up 3 percent from a year ago. Broiler growers in the 19 State weekly program placed 174 million chicks for meat production during the week ending September 9, 2017, up 2 percent from the year earlier. Cumulative placements from the week ending January 7, 2017 through September 9, 2017 for the United States were 6.53 billion. Cumulative placements were up 2 percent from the same period a year earlier.