Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty

Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty

The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.

Six railcars of packer-grade bleachable fancy tallow (BFT) traded 3 cents per lb higher at 51 cents per lb, Chicago basis, while renderer BFT saw sizeable volumes trade up by 1.5 cents per lb to 53.5 cents per lb, also Chicago basis.

Additionally, choice white grease (CWG) in the Chicago market moved up to 48 cents per lb, while CWG in the FOB Missouri River market continued to trade at 40-42 cents per lb.

Sources attributed Tuesday’s upward movement to continued tightness in the 30-day market, although uncertainty remains over the outlook for March and beyond.

“I think it’s going to be a wild ride the next few months with tariff and [Producer Tax Credit] uncertainty,” one source said.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

02.07.2025

Sausage casings bulletin, February 7, 2025

Sausage casings bulletin, February 7, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is r...

02.07.2025

US grain futures plunge ahead of weekend

US grain futures plunge ahead of weekend

Chicago Mercantile Exchange grain prices fell on Friday, with the March soybean futures contract decreasing by 11 cents per bushel to settle at $10.49 per bu and March soymeal...

02.07.2025

US weekly cattle slaughter falls 1% to 593,858 head; YTD down 3%

US weekly cattle slaughter falls 1% to 593,858 head; YTD down 3%

The US hide market was relatively slow to close the week on Friday February 7. Market sources indicated that trading was flat, though there were trades reported on Colorado...

Latest Tweets