An overall negative tone in the fat market spilled into the tallow trade today. Five cars of packer bleachable fancy tallow (BFT), three cars of renderer BFT, and three cars of technical tallow traded lower on a Chicago basis this afternoon. Sellers are seeing pressure from the renewable industry as well as from the chemical and feed markets. Yesterday’s move lower in the distiller’s corn oil (DCO) market was a strong signal of negative price momentum and it’s reasonable to expect further corrections to the downside in the near term on BFT as well as choice white grease (CWG). The prior three-year average premium for DCO to CWG FOB Missouri River for April is 3 cents. DCO is…
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...