*Please note – Fastmarkets/The Jacobsen will close trade on Fridays at noon US Central Time for animal fats, with publication shortly after. The noon close will begin on Friday May 24 and continue every Friday through August 30.

Used cooking oil (UCO) traded higher into the US Gulf market on Thursday May 23, on what was otherwise a quiet trading day. Many buyers and sellers have their positions sewn up ahead of the long holiday weekend.

Sources said that there is interest for tallow on a Chicago basis, but offers are “hard to find.”

Missouri River choice white grease (CWG) remains well supported on big demand and limited nearby supply.

For most of 2023, palm oil traded at a discount to CWG and, as a result, buyers who could substitute palm in their formulations did so. Big shifts were noted in the chemical and feed sectors.

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