Market Activity

Choice white grease traded lower out of the Missouri River market today as additional supply is pressuring prices lower. Chicago choice white was offered lower today and was untraded, renderer and packer bleachable fancy tallow were both offered lower as well and were untraded as of press time.

Hog slaughter is up 40 percent relative to three weeks ago and cattle slaughter is up 32 percent relative to three weeks ago. Choice white should start to see some support at the 20 cent level, maybe testing lows at 19 cents. With corn at 3.18/bu, fat at 350 percent…