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…
04.22.2024
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
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
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.