Technical tallow traded down a ½ cent today at 50 cents lb. Chicago basis. Outside of the tech tallow market, tallow was quiet.
Distiller’s corn oil (DCO) was up out of the Mo. River market in good volume, trading as high as 46.25 cents lb.
Regarding yesterday’s rumors about future UCO exclusions, there has been no confirmation, officially or unofficially, from any parties. For the week, prices were higher across all product categories. Soybean oil had the biggest increase with the May bean oil contract on the CME up 2.56 cents lb. or 5.61 percent.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...