It was an active trading day with higher prices showing up in a number of markets. Chicago packer bleachable fancy tallow (BFT) traded higher today, following yesterday’s action in the renderer market. Technical tallow was higher today as well into/through the Chicago market as was choice white grease (CWG). CWG FOB Mo. River trading was done at higher levels, topping out at 33 cent per pound FOB. As indicated yesterday, the corn market should allow room for a few more cents on the top side of the market and the wide spread to BFT is certain to be a bit motivation to sellers to move the market.
There remains additional risk in the market for higher BFT and tech tallow prices in the near term. Renewable demand continues to be very strong and sellers are seeing higher numbers outside of the Chicago market. The optionality for buyers is limited, both in terms of price and availability. Palm stearin continues to trade above $1000/MT FOB Malaysia. Palm stearin into the Gulf or…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...