01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
In the week to Friday January 17, the soybean crush margin in Central Illinois decreased by 10.4% week on week and by 22.6% year on year, according to the US Department of Agriculture’s National Weekly Grain Co-Products Report released on Tuesday January 21.
In the week to Friday, soybean meal prices fell to $300.70 per short ton, down by 1.7% week on week from $305.73 per ton and down by 21.4% year on year.
Soybean prices rose to $10.38 per bushel, up by 3.7% week on week from $10.01 per bu but down by 14.8% from a year earlier.
Soybean oil prices increased to 44.78 cents per lb, up by 5.3% week on week from 42.51 cents per lb but down by 7.8% year on year.
The decline in soybean meal prices led to a crush margin of $1.90 per bu. This represents a drop of 36 cents per bu compared with the previous six-week average of $2.26 per bu.
Market update
Most grain prices on the Chicago…