Heating Oil Drops Continue to Pressure Fat Market Lower

Heating Oil Drops Continue to Pressure Fat Market Lower

Technical tallow traded lower today, down to 70 cts/lb Chicago in substantial volume. There was a one car trade done at 76 cts/lb Chicago as well, but was not included in today’s price report because of 25 cars traded at the 70 cts/lb level. Chicago BFT remains quiet, but trading was done into the Gulf at 65 cts/lb today.

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