05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Ruminant MBM prices continue to see support at higher levels this week due to plant shutdowns and slowdowns limiting supply. The actual downtime is certainly affecting prices, but the uncertainty as to the extent of the production cuts and the pipeline building from the ingredient buyers is adding to the bullishness in the market. MBM inclusions have been very strong over the last couple of years due to the tremendous value, but…