05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Bean oil prices initially moved lower on Monday following a softer than expected Empire Manufacturing report a stronger dollar and the horrific attacks in Paris on Friday. Since bean oil is priced in U.S. dollars a strong dollar equates into more expensive bean oil in other countries which means that bean oil prices need to adjust downward to a stronger dollar keep the…