US palm oil market maintains recent price discount to tallow

US palm oil market maintains recent price discount to tallow

Cash market prices for US palm oil and refined palm oil products continued to ease on Wednesday July 10, tracking another session of losses in Malaysian benchmark palm oil futures.

On Wednesday, Fastmarkets assessed palm oil, RBD, fob US Gulf at $0.4875-0.4900 per lb, down by $0.25 from Tuesday. Fastmarkets’ price assessment for palm olein, RBD, fob US Gulf was $0.4900-0.4925 per lb, down by the same amount from the prior session.

The higher price of palm oil compared with packer-grade bleachable fancy tallow earlier in the year resulted in livestock reformulations in the US feed industry, as some switched from palm oil to cheaper animal fats.

However, the price spread between palm oil and tallow started to tighten at the end of May, and palm oil prices flipped into a discount to tallow by mid-June for the first time since mid-December.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

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

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,...

12.20.2024

December cattle on feed down on month, year

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...

Latest Tweets