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…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...