Market Activity

Trading was very quiet this afternoon with no action reported. Sources reported interest for low acid UCO in a number of markets, but the nearby market remains very tight. The nearby snugness is a common thread throughout a fat market that is seeing the landscape change. It will be May before we see March numbers from the EIA, but it wouldn’t be surprising to see some record highs for animal fat usage in the biodiesel industry. Tallow remains very quiet and sources…