Renderer bleachable fancy tallow (BFT-R) and packer bleachable fancy tallow (BFT-P) was offered down a penny today with no trading reported as of press time. Technical tallow was offered at 44 cents Chicgao and untraded. Decreased demand has started to settle across the chemical industry as well as other sectors at a time when cattle slaughter is getting back to 2019 levels. As a result, sellers are having to drop prices in order to attract more demand.
Inedible tallow exports of 16,867 MT in April were at the lowest level since August of 2017, when prices were 108 percent of the price of nearby soybean oil and 120 percent of the price of Malaysian palm stearin. Exports were destined for three countries in April: Mexico at 11,532 MT; Canada at 2,835 MT; and Turkey at 2,500 MT.
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