Trading in the US animal fats and oils market was subdued to close out the week on Friday August 23. The only activity was observed in the US Gulf Coast market, where used cooking oil (UCO) prices were assessed within a narrower range, falling slightly to 44.5-46 cents per pound.
Overall, average weekly prices for fats and oils were stable to lower, pressured by softness in the soybean oil complex, a widening bean oil/heating oil (BOHO) spread and recent weakness in both the renewable identification number (RIN) and diesel markets.
Tallow and choice white grease (CWG) prices continued to fall slightly during the week, despite talk of steady consumption from the US feed sector and “pockets of supply tightness.” The packer bleachable fancy tallow (BFT) and CWG FOB Missouri River prices fell 0.97% and 0.67% respectively on the week.
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