Yellow grease and used cooking oil (UCO) traded higher out of the California markets today, driven by continued strong demand from the renewable sector. UCO prices into the Gulf were higher for the two-month forward position and spot prices for distiller’s corn oil (DCO) continue to rise with trading done as high as 55 cents FOB IN/OH and delivered Manly, IA. 

The tallow market was quiet with sellers asking higher prices for packer, edible and technical grades but buyers not willing to own anything at the higher numbers. Today’s broad selloff in the ag and energy markets did little to encourage buyers to step up and pay the higher asking prices despite the recent increase in the renderer bleachable fancy tallow market.  

Choice white grease FOB Missouri River is 482 percent of the price of nearby corn today and through the first 18 days of the month the average is 450 percent. The all-time record high for for March is 451 percent, set in 2010 when the…