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,...
Choice white grease traded as high as $0.2350 FOB River today as some supply interruptions related to Monday’s storm tighten nearby supply. It’s reasonable to expect upward pressure to build in the Chicago market as a wide spread to BFT and some rail interruptions drive offer prices higher. Through the first half of the month, choice white grease prices out of the Missouri River market have traded closer to the historical average for relative price to corn. Through today, the August monthly average to corn is 386.5 percent, 21 poinrts under the prior three year average. Stronger corn prices…