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,...
While there are still plenty of hides to be sold, pundits are calling the market firmly steady with no downside and a little upside. Plus-or-minus a dollar packer HNS are trading from $75 to $77, BBS $74 to $75 and HTS $68 to $70 FOB plant. Cattle slaughter remains considerably above last year, exceeding 600,000 head per week but hide demand is sufficient to keep a reasonable balance and hide prices stable. Similar to the last few weeks,…