Animal fat prices stronger despite stall in soybean oil futures

Animal fat prices stronger despite stall in soybean oil futures

US animal fat and oils trading was quiet to end the week on Friday June 14.

Animal fat prices increased throughout the week due to a combination of tight supplies and robust demand, particularly from the feed and oleochemical sectors.

On average, packer bleachable fancy tallow increased by 2.71% week on week. Choice white grease prices rose by 2.42%, with trading reported as high as 43.50 cents per lb later in the week.

The price for Missouri River distiller’s corn oil also rose over the period, by close to 1%.

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