Prices in the animal fats and oils market were varied on Monday October 14 depending on the product, even while participants anticipated light trading this week due to attendance at a significant industry event.
Three cars of technical tallow traded on a Chicago basis at 49 cents per lb, falling by 0.50 cents per lb from the last traded price.
Meanwhile, the price range for choice white grease widened to 42.25-43.5 cents per lb on Monday, with trades reported at the lower end of the range.
In contrast, distiller’s corn oil (DCO) in the Gulf Coast market rose slightly throughout the day to 47 cents per lb delivered, based on trades conducted late on Friday October 11.
However, during Monday’s trading session, DCO bids were reported slightly lower at 46.0-46.5 cents per lb delivered in the Gulf, reflecting a downward trend in soybean oil futures.
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