Renderer BFT Trades Higher

Renderer BFT Trades Higher

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…

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