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Animal fat prices held steady in the final week of August 2020 with no trades reported, though some bleachable fancy tallow was offered higher. Seasonal weakness typically lowers September and October tallow prices, while renewable fuel demand and possible Brazilian buying are supporting the market.
Tallow is a fat ingredient in feed and biodiesel, so firm renewable fuel demand could support fat prices. Seasonal softness argues against a sustained rally into autumn.
thejacobsen.comRyan StandardAug 28, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
