Prices for used cooking oil (UCO) were slightly lower on Friday September 13, as the heating oil (HO) and soybean oil (SBO) markets continued to slump, closing out the week on a weaker note.
Gulf UCO prices were also assessed in a wider, lower range of 44-45 cents per lb, shifting the midpoint down by 50 points.
Tallow delivered into the US Gulf market was assessed stable on the day at 46.5 cents per lb. Bids were heard as low as 42.5 cents per lb, though no trades were reported at such low levels.
The October soybean oil contract finished the day at 39.53 cents per lb on Friday, falling to the lowest nearby month settlement since August 16, and bringing the weekly average down 2.02% from the week prior.
Heating oil futures were also lower on the day, settling down 3.45 cents per gallon at $2.0843 per gallon.
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