Market Activity

A rail car of packer material traded at $0.2600 Chicago late this afternoon along with a good volume of Chicago basis material at $0.2800, sold outside of the Chicago market. Tech tallow traded the same way, Chicago basis at $0.3050, but not through the Chicago market. Given that sellers are getting these values for material, it’s an indication that prices have some room on the upside. With that stated, The Jacobsen is reviewing our tallow reporting procedures and…