Market Activity

Two cars of tech tallow traded late yesterday at $0.2900 Chicago. Both tallow buyers and sellers were on the sidelines this afternoon. July seems to be well sold and well bought at the moment and sources are quiet about early August positions. The cattle kill continues to come in at low numbers with 106,000 head processed yesterday and 112,000 today. The YTD kills are just shy of 7% behind 2014, which as seen in Figure 1 below, was well below the prior five-year…