Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers were reported at 39 cents per lb.
Sellers who may have greater market optionality are asking for a higher price, not just for yellow grease, but for used cooking oil and poultry fat as well.
For the week to Thursday, the soybean oil/heating oil (BOHO) spread hit its lowest level at 75 cents per gallon since the week ended March 1. While the week is not yet complete, the spread is down due to larger drop in soybean oil prices versus heating oil.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
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CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
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October commercial cattle, hog production above 2023
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