US Tallow at Big Premium to International Market

US Tallow at Big Premium to International Market

Edible tallow traded higher today in two cars at 76 Chicago. Bleachable fancy tallow was quiet on a Chicago basis, but Gulf trading was reported at 67 delivered for tallow in the 4-20% ffa category. Used cooking oil traded at 63 delivered Southeast and there were indications of other spots trading at 63 delivered in the US market as well.
The overall tone in the market was quiet with the trade again watching soybean oil. The soybean oil market seems to be providing more noise than a clear directional signal over the last couple of weeks.

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