Tallow Market Well Balanced

Tallow Market Well Balanced

Chicago CWG and renderer BFT traded steady today. The recent activity in the Chicago market points to well balanced supply and demand in the tallow markets. Choice white grease trading was steady today with no changes reported. Some sellers are short on nearby material and are well sold at the upper end of the printed range, buyers, especially in the feed sector, are pushing for numbers under 27 cents FOB but thus far there has been no trading confirmed at that level. Missouri River choice white grease finished the month of September with an average relative price to soybean oil of 79 percent, 2.6 points under the prior three year average. The choice white grease market spent much of the summer historically undervalued relative to soybean oil but as more bean oil is getting bought by the renewable diesel sector,…

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04.22.2024

Animal fats and oils commentary: CWG prices fall on pressure from DCO

Animal fats and oils commentary: CWG prices fall on pressure from DCO

Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...

04.22.2024

Cattle slaughter more in line with 2023 as May nears

Cattle slaughter more in line with 2023 as May nears

US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...

04.22.2024

Central Illinois soybean crush margins hit 5-week high

Central Illinois soybean crush margins hit 5-week high

DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.

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