The US animal fats and oils markets remained largely stable on Wednesday August 28, as the usual end-of-month lull has led to reduced trading.
In the choice white grease (CWG) markets, prices were unchanged on the day with the FOB Missouri River and FOB Indiana markets assessed stable at 43-44 cents per lb and 42.5-43.5 cents per lb respectively.
Indications heard outside these ranges were communicated throughout the day, but could not be confirmed as of press time.
Tallow trading was subdued, with no trades reported in or through the Chicago market. Market participants indicated that positions are well-covered for the start of September.
Elsewhere, September soybean oil futures on the Chicago Mercantile Exchange rose on Wednesday, settling at 41.8 cents per lb. In contrast, ultra-low sulfur heating oil futures fell, closing at $2.2291 per gallon.
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