Market Activity

Trading was quiet in the fat market to close out the week. 

Tallow Prices Consolidate as Positive Momentum Decelerates

Tallow prices are trading sideways as momentum starts to decline. Prices should get a boost from the USDA’s forecast on ending soybean oil stocks. The increase in demand for biodiesel should help prices trade sideways or higher, but the recent runup from the 2018 lows could have priced in this eventuality already.