Trading was mostly quiet today but the reports that did come through were mostly at steady prices. The exception was technical tallow, which is in a wide range today at 49 – 54.5 cts/lb Chicago. Backups from the Western market continue to keep pressure on the nearby market, but there was some trading done at a higher price today. Three cars of renderer BFT did trade late yesterday at 48 cts/lb Chicago.
US Fat Exports
The USDA reported US fat exports for October on Wednesday showing an increase in inedible tallow exports relative to September and a drop in yellow grease exports, which also contain data for used cooking oil exports.
Inedible tallow export at 9,921 mt were up 24 percent from September, but down 64 percent from October 2022, following a trend seen throughout the year of dramatic decreases in export tonnage relative to 2022.
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12.24.2024
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