Trading was mostly steady today with no changes reported. Choice white grease traded at steady levels FOB Missouri River this afternoon. With hog slaughter steadily above 400,000 head per day this week, buyers have seen additional material and there is risk for lower prices next week.

Distillers corn oil trading was quiet today, but increased ethanol production should add increased liquidity to the June market. The EIA reported ethanol production at 724,000 bbl/day last week, up 17 percent from the week prior. Distillers corn oil production is…