Market Activity

Eight cars of packer BFT traded at $0.2475 Chicago this morning along with four cars of renderer BFT at $0.2575. Nearby tallow supplies appear to be tight and buyers are starting to show more interest for March shipment material. Formula demand from the chemical industry is strong for last half of March and into April. Given the strong demand from the chemical industry and the favorable price relative to palm and soybean oil, it’s likely that BFT prices will…