The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
Following a relatively quiet period due to the New Year holiday, the markets saw a slight uptick in activity toward the end of the week.
On Friday, ten cars of renderer-grade bleachable fancy tallow (BFT) traded higher at 46 cents per lb on a Chicago basis.
Sources have suggested that higher prices may stem from some buyers pausing purchases in the fourth quarter of 2024 amid uncertainties heading into the new year.
Now facing a need for material, this has reportedly contributed to tightness in the market, which some believe could become more pronounced as trade activity picks up again in the coming weeks.
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