Market Activity

It was a very quiet day in the fat market with the only trading reported being CWG FOB Mo. River at steady prices. Packer BFT was offered a penny lower, $0.2200 Chicago and tech tallow was offered a ½ cent lower, $0.2450 Chicago. More CWG was offered at $0.2025 Chicago. All three products garnered no interest from the buy side and a few sellers have used the word “scary” to describe the lack of demand. Some are suggesting that offers will be out lower to…