The market was fairly active today, especially for the rail market, with trading done into the Gulf and Chicago markets. Four cars of packer BFT traded down to 39.5 cts/lb Chicago basis, and four cars of choice white grease (CWG) were traded at 35 cts/lb Chicago. CWG on an FOB basis was also lower out of the Missouri River market. Tallow traded into the US Gulf market at 40 cts/lb, down a ½ cent from the last traded level.
Distiller’s corn oil (DCO) traded into the Gulf at 48 cts/lb, but was largely quiet on an FOB/truck basis today. Indications were broadly in the “mid-40’s.” The Manly, IA market was lower as well.
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