**Please note**The Jacobsen offices will be closed on Monday, May 25th in observance of the Memorial Day holiday.**
Bleachable fancy tallow (BFT) prices moved lower this week on offers. The buyers have shown little interest in nearby material at the offered levels, which adds risk to the market in the near term for lower prices for both packer and renderer material. Technical tallow and edible tallow remain very tight. Australian material is currently priced at an average of $630/MT ($0.2850/lb) FOB for top white (1% max ffa), which may draw some attention from the US market and add potential slack in the four to six week window if buyers establish a position. However, the short term market remains tight and prices for the premium grades look to be well supported in the near term.
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04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...