The fat market was quiet on Tuesday September 3 to start the new trading week and month.
A bid/offer spread was heard into the US Gulf market at 46-48 cents per lb delivered for distiller’s corn oil, but no trading was reported.
In Europe, a trade was reported for used cooking oil (UCO) at €840 ($929) per tonne DDP North-West Europe, with the free fatty acid (FFA) levels said to be a maximum of 10%, which influenced the price.
More trading was heard done for South American UCO around $1,020 per tonne for delivery to Italy in ISO tanks.
Prices for palm oil mill effluent (POME) were heard at $880-900 per tonne versus $850 per tonne on a CIF Amsterdam-Rotterdam-Antwerp (ARA) basis.
The Energy Information Administration (EIA) released biofuel capacity and feedstock usage on Friday afternoon, showing a record high feedstock consumption for June.
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Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...