Market Activity

Six cars of renderer tallow traded at $0.3550 Chicago his afternoon.  One seller was offering packer tallow for the August position at $0.3450 and not finding any interest. Sources continue to remark that chemical demand is very strong and nearby availability very tight. In late April, early May a number of sellers commented that they were near sold out for June into the bio sector. Those long positions coupled with a strong market for stearics and the need for…