In the last few weeks, US Gulf palm oil prices have moved back into a solid premium over tallow prices and reached multi-month highs of around $0.52-0.53 cents per lb on Friday August 23.
Meanwhile, Fastmarkets assessed packer-grade bleachable fancy tallow (BFT) at $0.4575 per lb Chicago basis on Friday, down from $0.4650 per lb a week earlier and from $0.5100 per lb a month earlier.
The price spread between palm oil and BFT nearly closed in early July but has widened dramatically since then.
In the first quarter, palm oil lost market share to comparatively cheaper tallow. This caused some livestock reformulations in the US feed industry, with a move from palm oil to tallow.
But by the end of May, the price spread between palm oil and tallow started to tighten back up, and by mid-June, palm oil prices briefly moved into a discount to tallow for the first time since mid-December 2023.
…
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,...
12.20.2024
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...