Trade in the US tallow markets continued to gain momentum on Wednesday January 8, following sluggish demand throughout much of December.
Another four railcars of packer-grade bleachable fancy tallow (BFT) traded on Wednesday at 45 cents per lb, Chicago basis, holding steady after trading higher on Tuesday.
Tallow indications for delivery into the Gulf Coast were reported at stable values, on par with Chicago packer BFT levels.
Meanwhile, choice white grease (CWG) remained under pressure, largely due to reports of some Midwest biodiesel producers pulling back on purchases in recent months, which has weighed on prices.
Railcars of CWG traded down by two cents on Wednesday at 38 cents per lb, Chicago basis.
In the FOB River market, CWG held steady on the day, trading within a wide range of 30.5-37 cents per lb.
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