Market Activity

There was a fair amount of action in the tallow market today. Three cars of renderer tallow traded at $0.3000 Chicago, two cars of packer traded at $0.2800 Chicago and four cars of tech traded at $0.2900 Chicago.  Sellers were offering tech at $0.2800 and $0.2900 for the Sep/Oct position, but bids were reported at $0.2700. The average Chicago BFT price to Malaysian palm stearin hit a record high this past week at 150%. The previous high of 143% was in October…