Chicago packer bleachable fancy tallow (BFT) prices in the US declined by 2.5% in the week ended Friday August 16, compared with the previous week’s average, driven by continued weakness in the soybean oil market and negative pressure in the overall fats and oils complex.

Market sources continued through the week to report tight spot supplies of BFT and steady demand from the biodiesel and renewable diesel sectors. This helped to keep tallow prices from tumbling lower, despite the front-month soybean oil contract late this week hitting its lowest level since December 2020.

Meanwhile, distillers’ corn oil (DCO) prices FOB Missouri River decreased by 3.7% week on week, reflecting strong production and pressure from the soybean oil market.

Used cooking oil (UCO) delivered to the US Gulf declined by almost 1.3% this week, averaging 45.15 cents per lb, following the downward trend in SBO prices.

…