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,...
The overall market was fairly quiet this week with many in Atlanta for the annual IPPE convention. Both porcine and ruminant bloodmeal continued to trend higher this week, up 1.3 percent and 7.0 percent, respectively, from the prior week’s average. Porcine MBM was also higher, up 2.2 percent week-on-week.
Sources reported steady trading into the resale market at the lower end of the range and consistent demand from end users at the upper end, $350/st FOB Midwestern plants.
Pet grade poultry by-product meal was higher this week and trading was again reported in a wide range, anywhere from $650 – 800/st FOB Mid South. The bulk of trading landed within the printed range and the weekly average was up 6.8 percent from last week. Feathermeal did move lower, down to an average of $513/st out of the Mid South market.
Figure 1.
…