Choice white grease traded steady out of the Mo. River market today, although there is more of a negative tone in the market compared to earlier this week. Some short-covering helped to support the top side of the market, but end users have started to push back on lower prices throughout the ag and energy complex.
Distiller’s corn oil traded lower today as well out of the IL/WI and Mo. River markets.
The overall tone of the market was negative this week, although on a weekly average basis used cooking oil (UCO) and choice white grease (CWG) were higher.
CWG FOB Mo. River was up 2.0 percent from last week’s average with trading done as high as 35 cts/lb FOB this week. UCO del US Gulf was up 1.0 percent at an average of 40 cts/lb this week.
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