Trading was very quiet today with most markets steady. More than one source summed the market up today by suggesting that sellers don’t have to sell lower, and buyers don’t need to pay higher prices. Used cooking oil (UCO) into the Gulf market was lower today in a wide spread, 63 – 65 cts/lb delivered for nearby material with location and delivery in truck vs rail accounting for the 2 cts/lb spread. 

US Fat Imports

US import data were released this week showing an increase in tallow volume relative to May and up from last year. The US imported 61,700 mt, with the majority coming from Canada (19,170 mt) and Uruguay (13,040 mt). Brazil (9,437 mt) and Argentina (6,937 mt) rounded out the imports from South America.

…