Tallow Trades Higher, Biofuel Margin Squeeze Continues

Tallow Trades Higher, Biofuel Margin Squeeze Continues

Four cars of packer bleachable fancy tallow (BFT) and four cars of renderer BFT traded higher on a Chicago basis today. Trading was done at 67 cts/lb for the packer material this morning and renderer traded at 68 cts/lb this afternoon after being bid at 67 cts/lb earlier in the day. Choice white grease (CWG) traded higher today with good volume done at 60 cts/lb FOB. Chicago trading was quiet and will be unquoted tomorrow if there is no action.

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