04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
Australian fat prices were flat this week with no changes reported. Supply remains tight with cattle slaughter continuing well below the prior three-year average. The MLA reported last week’s slaughter just under 97,000 head which is 31 percent under 2020 levels. Tight supplies and higher palm prices helped push tallow prices higher out of the New Zealand market this week.
Cat 3 and edible prices are up €10 – 15 from last week on continued, tight supply. Used cooking oil (UCO) prices are up similarly. A trend of higher UCOME prices to start the year and limited collections have pushed prices to a high of $1040 CIF Rotterdam. As stated last week, prices into Rotterdam are expected to continue to move higher with US prices trading at $1060 into East Coast ports. South American indications have been closer to $1020 CIF Rotterdam.
Another wave of higher prices hit the US fats, oils and greases (FOG) market with choice white, yellow grease, distillers corn oil (DCO),…