Market Activity

Choice white grease traded lower today as strong slaughter continues to keep the market well supplied with grease. May bids for UCO are lower into the Gulf, but trading has yet to commence. Sellers are well aware of the looming tightness coming on the supply side of the UCO market and no one seems to want to step up and go long. There are still shorts into the Gulf at much higher values through April. With that stated, ten rail cars traded late yesterday at $0.2600…