Three cars of edible tallow traded down a penny today on a Chicago basis. Trading outside of the edible market was steady. Numbers were again higher at the CME today on corn, soybean oil, and heating oil, supporting a strong, fat market. The fundamentals suggest choice white grease is at risk for lower prices in the near term, despite the higher CME prices. The December corn futures contract settled at $3.7525 today at 400 percent of the price of corn, fat has a value in feed rations of $0.2680 per pound. The prior three-year average relative price of CWG to corn for September is 384.5 percent, suggesting a value of $0.2575 FOB Missouri River. Slaughter, which correlates very well with price, is expected to increase over the next six weeks, which adds further, fundamental…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...