The market was most steady today with few changes reported. The low relative prices in the choice white grease market have attracted some attention and there have been increased volumes into some renewable fuels buyers.  

Used cooking oil prices moved lower into the Gulf today as buyers appear to be well covered for August and into September. Tight supplies have been supportive of prices through the second quarter. The most recent Federal Reserve Economic Data (FRED) showed a 53 percent drop in retail sales for food services and drinking places in April this year compared to April of 2019. March data showed a 27 percent drop relative to 2019 levels. Restaurant activity has picked up with more states relaxing COVID restrictions and as a result, UCO supplies have increase, although all anecdotal evidence…