09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop

The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
Animal proteins were mixed for Tuesday, with unsettled undertones present in poultry items. Communication of a have-have-not spread has led to irregular ranges on all regions for poultry-by and chicken meal. Supportive tones were indicated due to short offering at some locations; however, poultry-by pet grade and chicken meal had limited trade for the day. A high of $1200/st was reported on Mid-South chicken meal in light volume while both Southeast and Mid-South poultry-by pet grade had a high of $1100/st reported, in reduced capacity. With supportive tones and higher values, the Mid-South and Southeast poultry-by pet grade, as well as Mid-South chicken meal markets, were adjusted higher from the previously set ranges.
Other items on the animal protein bulletin were flat for the day, though undertones of pressure were communicated on ruminant meat and bonemeal. Some contacts indicated prices dropped $5-$10/st, but this could not be confirmed for the bulk of trade by press…