Soybean oil rally, tight supply support animal fats market

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Soybean oil rally, tight supply support animal fats market

A car of technical tallow traded higher on Tuesday July 2, up to 55 cents per lb Chicago basis. Edible and bleachable fancy tallow prices were quiet on Tuesday, with most market participants planning to sit the week out due to tight holiday production and a sharply higher soybean oil futures market.

The Chicago Board of Trade (CBOT) soybean oil price was sharply higher again on Tuesday, with the July-August contracts all up over 100 points and the most liquid contract, December, finishing...

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