Choice white grease saw plenty of action at the top end of the range yesterday with some buyers looking to cover in material. The stronger tallow market and some production interruptions add risk for higher prices next week.
Bleachable fancy tallow (BFT) and technical tallow were both quiet to close out the week. There remains interest for renderer BFT at steady prices, but thus far neither buyers nor sellers seem aggressive in trading volume outside of formula based pricing. There have been indications that tech tallow offering prices may move up on strong RBD soybean oil demand in the fourth quarter and higher BFT prices over the last couple of weeks. With Chicago BFT at 31 cents per pound, tech is at a seven cents premium, which is just over twice the prior three-year average for August. As renewable demand has grown for premium feedstocks, that spread has widened relative to the last three years,…
Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!