It was a historic week from a geopolitical perspective on Russia invasion of Ukraine. Global markets have been extremely volatile since news of the invasion broke with ags and energy prices up sharply yesterday before giving back most, if not all of yesterday’s gains and more, today.
The tallow and choice white grease markets have been mostly quiet and steady this week, but closed with week with plenty of action at higher prices. Choice white grease traded as high as 70 cents per pound FOB Missouri River and trading was done at 69.5 Chicago for two cars today. Five cars of technical tallow traded as 83 Chicago and packer BFT traded up to 72 Chicago for four rail cars.
For the week, choice white grease is up 1.95 percent from last week’s average. The biggest increase in the fat, oil and grease markets was distiller’s corn oil, up 5.88 percent from last week’s average and up 10.4 percent over the last four weeks. Trading was done as high as 80 cents per pound FOB…
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