Tallow Prices Quiet to Close the Week

Tallow Prices Quiet to Close the Week

The market was fairly quiet heading into the weekend. Bleachable fancy tallow prices seem to have settled down after the renderer trade at 22 cents Chicago. The market is teetering between strong supplies and favorable prices relative to soybean oil and corn at the moment. Slower demand for the Chicago market has translated to lower prices, but at 19.5 cents FOB Missouri River BFT has a relative price to nearby corn of 334 percent, 78 points under the prior three year average for July. That value relative to corn and the large number of animals on feed, even outside of the livestock already at finishing weight, add risk for a price reversal in the near term.

Figure 1.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author

06.30.2020

Ruminant Blood Meal Prices Slide in June on Strong Production

06.23.2020

Animal Fats Eastern Markets Move Lower

06.16.2020

Yellow Grease Prices Fall

Latest News

04.14.2020

Podcast: Feedstocks to Biofuels Market Intelligence Weekly Webinar

02.11.2020

Small Refinery Exemptions

Blog

07.02.2020

Hemp Markets Evolving at Rapid Pace

Latest Tweets

Chase Hubbard is on Thursday's discussion of The ‘Lo Down: Real Talk With Hemp Farmers. We’re going over the hemp marketplace with a fine-tooth comb, from pricing to ... forecasting, commoditization challenges, policy and much more #cbd #hempfarming https://www.instagram.com/p/CBDjGLSBXdb/

Webinar on 2020 Organic Corn and Soybean planting survey results, presented tomorrow. https://us02web.zoom.us/webinar/register/WN_tq4BSybeQ-K8lw8yE5vBjA #organic #organicfood ... #grain #corn

Load More...