The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.

Following an active trading week last week, during which prices edged higher across nearly all regional markets, sources described the current market as “firm but flat.”

Some noted that many products may be “priced out” or nearing that point, as buyers assess whether there’s room for additional upside, despite ongoing discussions of strong demand, particularly for fats like tallow and choice white grease.

Broader markets have not provided much support this week, with both the vegetable oil and energy complexes pulling back from last week’s strength.

The Chicago Board of Trade (CBOT) March soybean oil futures contract closed down 26 points on Tuesday at 45.44 cents per lb, while the more frequently traded May contract settled 25 points lower at 46.05 cents per lb.

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