In the US animal fats and oils markets, three railcars of renderer bleachable fancy tallow (BFT) traded at 49.50 cents per lb Chicago basis on Wednesday August 7, and two cars of edible tallow traded at 54 cents per lb Chicago basis.
Recent declines in soybean oil (SBO) prices led to the downward shift in the tallow market in Chicago, which has started to track lower in alignment with the Gulf markets. Previously, BFT prices had remained buoyant due to tight supplies and stable demand.
Some sources noted that the decline in SBO prices has allowed them to secure third- and fourth-quarter SBO feedstock at discounted rates compared with some of the asking prices for fats, oils and greases (FOG).
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