Market Activity

Eight cars of technical tallow traded at $0.3200 Chicago for shipment in the 30 day window. CWG was offered out at $0.2700 Chicago, bid at $0.2600. Trading elsewhere was very quiet.

Cattle slaughter finished last week at 626,000 head, down half of a percent from 2017 and down 2.2% from the week prior. There was some downtime at one packers plant, which pushed numbers to lower-than-expected totals for the week. There remain a big number of cattle on feed…