Tallow Prices Poised to Move Higher on Tight Supply

Chicago renderer BFT was bid up a penny today with no trading reported. Choice white grease was up $0.02 from yesterday’s trading level into the Chicago market. The cattle slaughter estimates today were at 502,000 head down 22 percent compared to the same week last year. Supply side disruptions are outpacing the demand side needs in the short term and there is substantial risk for higher prices in the near term. Fundamentals are…