Posted on Apr 18, 2017 in Animal Fats & Oils

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.

Figure 1.

Figure 2.

Please contact Ryan Standard at 563.223.9021 or ryan@thejacobsen.com 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