Two cars of technical tallow traded at 63.5 cts/lb Chicago today. The BFT and max 20 ffa markets were mostly quiet, but bids were indicated lower into the Gulf market. Renderer tallow remains quiet, and several sources have reported a lack of nearby availability.
Yellow grease traded lower on an FOB basis Mo. River and Illinois as well as into the Gulf market. Used cooking oil traded down to 47 cts/lb delivered Northeast today. The overall tone in the market was bearish on a lack of spot demand and weakness in the CME soybean oil market. However, some producers are well sold for the nearby market and don’t need to offer material into the nearby market.
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