Market Activity

Edible tallow traded at $0.3300 Chicago today for four cars. Packer BFT was offered out at $0.2950 Chicago this afternoon and sources reported that bids were notably absent from the market. Bean oil futures were relatively flat today with the Dec contract settling at $0.3295, down five points from yesterday. Rounding up to an even $0.3300, packer BFT is currently sitting at 89% of the price of nearby bean oil. That’s the highest level since 2011, in which the…