05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
The market was steady today with no changes reported.
Ruminant bloodmeal prices are up 2.5 percent over the last month. The fundamentals suggested that low prices were due to attract more demand in the near term, but continued uncertainty tied to COVID-19 has upended traditional supply and demand patterns. Class III Milk futures have been strong over the last couple of months, but uncertainty tied to food service demand is leading to cautions buying from the dairy industry. Typically, demand from school cafeterias, K – college, would increase milk demand through the fourth…