Trading was mostly quiet to close out the week. CWG did trade lower again today with the topside of the market falling off as the week has moved on. There was light volume reported outside of the printed range, both above and below. Tallow and yellow grease indications were steady for next week.
Inedible tallow exports are estimated at 24,724 MT for August by the USDA. Mexico was the largest buyer, in terms of volume at 11,709 MT. Canada imported 6,595 MT and Brazil 5,000 MT. Singapore remains absent from the market after importing 46,000 MT of inedible tallow in the first quarter of the year.
Figure 1.
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