Market Activity

Five cars of packer BFT traded at $0.3175 Chicago to wrap the April tallow market. Sources reported offers at $0.3200 with interest at $0.3150 yesterday and the buyer/seller met in the middle and traded material for shipment in the last half of May. Trading outside of the tallow market was quiet.

Cattle kills came in at an estimated 624,000, well above the 600,000 and signaling the start of the summer slaughter season. The YTD slaughter is running 6% ahead…