Five cars of packer bleachable fancy tallow (BFT) traded up, to 45 cents per lb Chicago basis on Friday June 7. Twelve cars of edible tallow traded at 52 cents per lb Chicago basis, steady with the last traded level.

Late on Thursday June 6 and on Friday, lard traded at 46 cents per lb Chicago basis for a total of six cars, done in separate trades.

For the week through June 7, animal fats prices continued to trend higher on strong demand from feed, oleochemical and renewable fuel producers, despite a sinking soybean oil futures market.

Choice white grease was up 3.5% compared with the prior week’s average, with trading done as high as 43 cents per lb in the second half of the week.

Packer BFT jumped 1.3% week on week and yellow grease FOB Missouri River was up 2.3%.

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