Renderer bleachable fancy tallow (BFT) traded at higher prices today on a Chicago basis. Trading in the packer BFT market was quiet, but the next traded level is likely to be at or very close to the renderer trade. Technical tallow is unquoted today due to lack of activity and it’s likely that the next traded level is in the mid 40 cents per pound range given today’s activity in the BFT market and the recent unconfirmed, but highly plausible, reports of edible trading at 45 cents Chicago.
Choice white grease is firm on an FOB basis out of the Missouri River market. The move higher in the BFT market adds risk to the CWG market for higher prices in the near term. Feed buyers may start to push back on values when they hit the 400…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...