An overall negative tone in the fat market spilled into the tallow trade today. Five cars of packer bleachable fancy tallow (BFT), three cars of renderer BFT, and three cars of technical tallow traded lower on a Chicago basis this afternoon. Sellers are seeing pressure from the renewable industry as well as from the chemical and feed markets. Yesterday’s move lower in the distiller’s corn oil (DCO) market was a strong signal of negative price momentum and it’s reasonable to expect further corrections to the downside in the near term on BFT as well as choice white grease (CWG). The prior three-year average premium for DCO to CWG FOB Missouri River for April is 3 cents. DCO is…