Tallow trades higher into US Gulf, closing price gap with Chicago market

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Tallow trades higher into US Gulf, closing price gap with Chicago market

Tallow traded higher into the US Gulf market on Monday July 22, up to 51.0 cents per lb from the previous range of 49.5-50.0 cents per lb.

The trade follows reports from last week of higher priced trading, which could not be confirmed, and brings the US Gulf market to parity with the Chicago packer bleachable fancy tallow (BFT) market.

Outside of the Gulf tallow trade, the market was...

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