01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
Heating oil prices moved to the bottom end of its recent trading range as a larger than expected build in crude oil inventories added negative sentiment. Price action seems to be following the dollar as opposed to strict fundamentals that reflect supply and demand. Over the last few trading session the dollar has weakened allowing petroleum products to gain traction. Demand continues to remain…