The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
In the UCO markets, prices for material delivered into the Gulf Coast edged higher on Thursday, with trading done in the range of 45-45.50 cents per lb.
Meanwhile, in the California markets, conflicting narratives have emerged. After a significant price uptick earlier in the month, buying urgency on the fuel side appears to have eased, with prices stabilizing this week in both Northern and Southern California UCO markets.
But sources continue to report strong demand from the feed sector, with indications of a higher willingness to pay for material.
Wide bid-offer ranges were received throughout the day, but not much trading was reported.
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