Gulf UCO Market Resilient Despite Sinking Margin Environment

Gulf UCO Market Resilient Despite Sinking Margin Environment

Used cooking oil (UCO) traded higher into the Gulf market today, up to 41 cts/lb delivered. Tallow trading was done at that level as well, flat with the last traded price.
Trading into the Northeast market was lower today, down to 36.5 cts/lb delivered.
The interior market was mostly steady today, however there was some movement in the distiller’s corn oil (DCO) market.
Trading into Manly, IA was done at 42.5 cts/lb delivered and DCO offers were heard as high as 44 cts/lb, with most trading topping out at 43 cts/lb.
Sources said that despite the higher soybean oil market today, negative pressure in the DCO market continued. Trading into the Gulf was done at 47.5 cts/lb for DCO today.

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