The US animal fats and oils markets were largely unchanged on Wednesday August 14, with some participants staying on the sidelines awaiting clearer price signals and greater market certainty.
Despite a relatively quiet trading day, sources said that bids for fats, oils and greases (FOG) were being pressured by declines in the soybean complex, along with falling prices for renewable identification numbers (RINs) and diesel.
The choice white grease (CWG) markets remained mostly flat on the day, with continued strong demand, particularly from the feed sector, helping to sustain prices. The only notable price movement was in the FOB Carolinas market, which dipped by 1 cent per lb to 44-45 cents per lb.
Meanwhile, the bleachable fancy tallow (BFT) markets have been relatively quiet this week, with prices for both packer- and renderer-grade assessed stable on the day at 46.5 cents per lb and 48.75 cents per lb respectively, Chicago basis.
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