Market Activity

Trading in the tallow market was quiet this afternoon, but there was a report of both tech and packer offered out on a formula basis for May shipment. Sources are mixed on their opinion of market direction, but most seem to agree its unlikely that prices will move higher. Slaughter is well ahead of 2016’s pace, up 6.1% compared to a year ago. April slaughter is higher as well with the April 1 – 11 total coming in at 826,000 head for 2017, up from 757,000 head in…