Gulf Prices Slide on Lower Projected Demand

Gulf Prices Slide on Lower Projected Demand

Trading was lower into the US Gulf market to start the week on trading done late Friday and again today.

Tallow prices fell to 41 cents lb delivered, and sources have reported that there is some demand disruption in the Chicago market, but nothing that suggests an imminent move lower in the tallow market.

Fat demand is expected to slow in April on planned downtime for at least two renewable plants in April and May. However, the potential for opportunistic buys from those with storage capacity remains present, especially with soybean oil prices running higher.

Distiller’s corn oil (DCO) did trade higher into the Gulf today, topping out at 51.5 cent lb delivered. Bids were heard at 46.5 cents lb. DCO trading into Manly, IA was higher as well. UCO trading was done as low as 41 cents lb into the Gulf and yellow grease prices moved lower as well.

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