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,...
Trading was again fairly quiet on limited market availability. Through today cattle and hog slaughter are off 40 percent relative to year ago levels. MBM prices did move higher into the Eastern market on limited availability of pure beef material. There are reports of lower priced mixed species ruminant in the market and increased rendering of whole hogs may be pumping some additional material into the midwestern markets.
Bloodmeal prices have been mostly steady with not a lot of trading surfacing. Historically, the…