Trading was quiet today with plenty of rumors of volume moved at lower prices, but no confirmation. Bids were certainly lower, down as much as 10 cents from the last traded levels on the drop in today’s soybean oil market. Bid indications into the Gulf were wide ranging, 56-58 del for UCO, 56-58 for tallow and 51-54 bids for yellow grease.
There was light trading, one and two truck volume, done at higher prices for choice white grease out of the Missouri River market. Sources have indicated that spot volume remains tight and sellers haven’t had to jump into the fray today and sell at sharply lower values. With that stated, there has been plenty of anecdata provided on seller’s needing to move volume.
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01.14.2025
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