CWG Trading Steady, Lard Moves Lower From Yesterday’s Report

Choice white grease trading was steady this afternoon as supply and demand seem well balanced at the moment. The downward momentum that had been in the market as a result of heavy hog processing numbers was stopped by the drop off in distillers corn oil production. The relative price of choice white grease to corn dropped to 359 percent in March, down from the 401 in February. Short covering into the Gulf with choice…