Ten cars of edible tallow traded at steady Chicago pricing today. Tallow prices were steady this week with buyers and sellers well covered for the near term. Trading outside of the Chicago market has been done at a premium to Chicago values, but chemical demand remains tepid and it’s reasonable to expect Chicago tallow prices to remain flat in the near term. Bleachable fancy tallow (BFT) FOB Missouri River finished the month of June with a relative price to soybean oil of 80 percent and is currently at 67 percent. Higher trades for choice white grease and the favorable price to soybean oil should make BFT an attractive option for the biofuels industry at the moment.
Figure 1.
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