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,...
Market Activity
Five cars of packer BFT traded at $0.3175 Chicago to wrap the April tallow market. Sources reported offers at $0.3200 with interest at $0.3150 yesterday and the buyer/seller met in the middle and traded material for shipment in the last half of May. Trading outside of the tallow market was quiet.
Cattle kills came in at an estimated 624,000, well above the 600,000 and signaling the start of the summer slaughter season. The YTD slaughter is running 6% ahead…