The long holiday weekend cast a shadow over the market this week with few changes reported. Tuesday’s plunge in the soybean oil market further quieted the trade and most were happy to take a wait and see approach this week. Despite the weakness in the soybean oil market, demand is strong from a number of sectors and material is tight for low ffa fats. High summer temps, labor issues and the holiday weekend have all contributed to a dearth of spot offerings on choice white grease and bleachable fancy tallow.

Price changes in the animal fats bulletin were limited to less than one percent with the exception of the distillers corn oil (DCO) market. Prices out of the Missouri River market were up 5 percent from last week. Buyers are paying up to secure nearby material and it’s reasonable to expect continued strength in the near term as some put on inventory ahead of the rapidly approaching, big expansion in renewable diesel capacity….