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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