*Please Note – Ryan Standard was out of the office today. He will return on Monday, December 4, 2023. In his absence, please contact Amanda Luhavalja at [email protected].*

The market saw a flurry of afternoon trading today, ending a generally dull post-Thanksgiving holiday week with lower values. Used cooking oil (UCO) and yellow grease into the Gulf both traded down to 43 cts/lb delivered. Max 20% ffa tallow into the Gulf traded as low as 48 cts/lb.

Logistical issues and lackluster demand for low CI feedstocks from the biofuel industry continued to keep downward pressure on most values this week. The exception to this was distiller’s corn oil (DCO), which moved higher amid gains in soybean oil futures on the CME as well as production issues in the Midwest. Since the week ended November 17, the average DCO price has jumped close to six percent in value, while soybean oil has increased almost four percent. 

…