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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...