Market Activity

Trading was quiet in the tallow market today. There was a bid/offer spread of $0.3300 – 0.3400 Chicago for June delivery on BFT. Tech/Ed quotes were non-existent today. Sources reported heavy formula volume for May.

CWG trading was done in good volume at the bottom end of the range, $0.2800 FOB Mo. River. Sources have commented that more feed and biodiesel operators are moving towards reformulation with these higher numbers, which is a good segue into yellow…