Prices were flat across the board in the fat market today. Prices for choice white grease continue to have upward momentum and may test the 63 FOB level in the short term for the Mo. River market. Chicago last traded at 62 cents per pound and will be unquoted tomorrow if there is no trading. 

Buyers were in looking for BFT and tech tallow, but were unable to find material at steady prices. Soybean oil prices moved lower again today and compared to the September contract, Chicago packer BFT has a relative price of 105.5 percent. The 2017 – 2019 average is 102 percent, which suggests that prices are at risk to move lower. However, prices are at risk to continue to trade higher in the near term regardless of soybean oil barring any huge drop. Buyers are…