Please note – The Jacobsen will not publish an Animal Fats bulletin on Monday in observance of the Presidents’ Day holiday. We will resume publication on Tuesday, February 16th.
It was an active close to the week with higher prices on yellow grease and the forward market for distiller’s corn oil. Sixteen cars of edible tallow traded at 56 cents Chicago today, up 5 cents from the last traded number on technical tallow.
Packer BFT remains discounted to palm stearin FOB Malaysia, which has historically meant that an export arbitrage is in play for BFT out of the US. There’s enough demand from the interior that sellers don’t need to rely on exports to keep the market buoyed. With BFT at a discount to palm buyers in the interior US have limited optionality. Offers for bleachable fancy tallow (BFT) remain slim and it’s reasonable to expect buyers to have to pay up for their March…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...