US UCO Imports Hit Record High, Exports Record Low
Alexandra Watts |
07.13.2023
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The market was fairly quiet today with most of the action seen in the yellow grease and used cooking oil markets, with a good amount of that from late yesterday. Demand remains strong, especially from the renewable sector, while some feed buyers are pushing for a stop to the rally with threats of reformulations. There is a two-tier market in some geographies with feed paying a discount for yellow grease in trucks relative to bigger volume shipments into renewable, e.g., the IL and Mo. River FOB markets versus Gulf delivered.
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