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,...
California ruminant MBM hit a bottom of $200 to close out the week. Trading elsewhere was quiet.
The Mo. River porcine MBM now sits at a premium of $55 to the Mo. River MBM market. When looking at the prior three year average, the spread for July was $24 and for August $28. Given the wide spread and heavy hog kills expected, it’s reasonable to…