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, July soybean oil futures on the Chicago Mercantile Exchange (CME) closed at $0.4452 per lb, up by 97 basis points, or 2.23%, from $0.4355 per lb on May 15.
Soybean oil futures rebounded on Thursday on technical buying after falling in the midweek on data from the National Oilseed Processors Association (NOPA) that showed US soybean crush fell to a seven-month low of 166.03 million bushels in April.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...