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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Fastmarkets' research team...