The US animal fats and oils markets began the week of Monday January 6 on a relatively active note as trading gradually picks up following the holiday season.
Three rail cars of edible lard traded lower throughout the day at 46 cents per lb, Chicago basis. The decline in lard pricing aligns with the downward pressure observed in the neighboring choice white grease markets.
Elsewhere, in the delivered Gulf markets, both tallow and used cooking oil (UCO) traded higher on Monday at 45 cents per lb and 46 cents per lb, respectively.
Meanwhile, the Chicago bleachable fancy tallow market remained “fairly tight” for January, with one source observing an uptick in buyer interest for product, although no trades were reported before market close.
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