01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
A number of protein products traded higher today with both buyers and sellers coming out of the holiday break to sharply higher soybean meal prices. The March contract settled at $431.80 today, up $8.10 from yesterday’s settlement. Porcine MBM out of the Missouri River market finished December with a relative price to soybean meal of 79 percent. The prior three year average for January is 80 percent, which suggests a value of $345 today. Tight supplies coming off of the holiday and the potential for a continued run higher in soybean meal add…