A three car equivalent trade of choice white grease was done at 38 Chicago today, up two cents from the last traded level. Additional renderer bleachable fancy tallow was shown at 42.5 today with no trading reported. With soybean oil and palm oil trending lower over the last week, buyers are taking a step back. Offers from the packer side have been non-existent and it’s likely that both sides are going to wait out further direction from the vegetable oil markets. Concern about RIN values have also contributed to the cooling of the market this week. While lower RIN values do have a big impact on renewable diesel and biodiesel margins, they also have an impact on the ethanol margins, which are struggling to find black at the moment. Further slowdowns in the ethanol industry will only exacerbate an already tight low carbon intensity feedstock market, which has seen slower distillers corn oil production over the last ten months as well as slower used cooking…