Packer BFT ticks upward; most animal fats and oil markets close the week higher

Author: Alexandra Watts

Packer BFT ticks upward; most animal fats and oil markets close the week higher

Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.

Outside of this trade, the US animal fats and oils markets ended the week on a quieter note, as the industry continued to digest the recent 45Z tax credit announcements and anticipated the inauguration of the new US president.

Overall, weekly prices for most fats and oils averaged higher on Friday, bolstered by recent gains in the soybean oil complex, a...

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