Will BFT Prices Buck The Seasonal Trend?

Will BFT Prices Buck The Seasonal Trend?

Late yesterday choice white grease traded higher out of the Missouri River market. Chicago trading was quiet and will be unquoted on Tuesday if there is no trading by the end of the day. Biodiesel and feed demand continue to pull the choice white grease market higher with few, lower cost alternatives.

Tallow, both packer and renderer as well as edible and technical, were quiet this week. There have been mixed reports on availability of BFT post holiday. Over the last five years, the BFT market has typically moved lower just before or after the Labor Day break. The exception to the seasonal slide was 2016, which saw soybean oil prices increase from 28.9 cents per pound on the week ending August 14th to 34.9 cents per pound on the week ending November 6th. The tight cash market for soybean oil and higher prices spilled into the BFT market, driving prices from 27 cents Chicago on the week ending August 14th to 28.8 cents on the week ending…

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