Ruminant MBM well priced versus nearby soybean meal
Trading for meat and bone meal (MBM) was quiet on Wednesday May 22, with no changes reported and several...
Used cooking oil (UCO) traded higher into the Southeast market on Wednesday May 22, up to 42 cents per lb delivered. Gulf prices were indicated steady at 43-44 cents per lb delivered for domestic product.
Tallow prices were higher into the Gulf on Wednesday, with trading done in a range of 43.5-44.5 cents per lb.
Buyers who had previously taken long positions in the palm market have worked through that supply and are filling in their fat needs with grease and tallow.
The surge in demand from...