Used cooking oil (UCO) traded lower out of the Northern and Southern California FOB markets today as margin pressure continues to weigh on feedstock prices. Yellow grease prices were lower on the West Coast as well, down into the San Joaquin Valley market and out of the Pacific Northwest.
Outside of the West Coast markets trading was steady with no changes reported east of California. A negative tone persists, but steady buying activity from the renewable diesel producers and a good value for US origin fats relative to the global market are buoying near term prices in some markets.
The EIA estimated ethanol production at 1.078 million barrels per day for last week in today’s Weekly Petroleum Status Report. The Jacobsen estimates distiller’s corn oil production (DCO) at 10.2 million pounds per day, down 0.6 percent from last week…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...