Fifteen railcars of technical-grade tallow traded lower on Wednesday October 30 at 48 cents per lb on a Chicago basis. Additional deals were discussed throughout the day at even lower prices of 46-47 cents per lb, though these could not be confirmed before the market close.
Choice white grease (CWG) prices in the FOB Missouri River market also fell slightly on the day to 42-43 cents per lb amid trades reported within that range.
In the Gulf Coast markets, trading has been relatively limited this week, though bids for used cooking oil (UCO) into the region were reportedly down, as low as 44-44.5 cents per lb delivered for November and December.
The overall sentiment in the fats markets appears to be relatively stable to softer, as participants have reported some pushback from customers due to ample volumes available to meet demand, particularly within the feed sector.
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