The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
Bids for tallow delivered into the US Gulf were reported as high as 46 cents per lb, but no trades were confirmed.
Choice white grease (CWG) inched higher, trading at 43.5-44 cents per lb FOB Missouri River, driven by continued strong demand, particularly for truck volumes.
But one source said that upcoming harvest pressure could lead to seasonal adjustments in feed rations, which historically has resulted in lower fat usage heading into the fall.
In the distillers’ corn oil market, trading was quiet with no price changes, though October bids for Midwest-delivered material were heard at 41-42 cents per lb.
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