The US animal fats and oils markets were stable to slightly higher on Tuesday September 24, with sources reporting wide price ranges. Sentiment appeared more bullish — driven by rising prices in the vegetable oil complex, particularly palm and soybean oil (SBO) — but it was largely unconfirmed amid limited trading.
As a result, the market remains without a clear direction despite the broader strength in vegoil prices.
In the California markets, yellow grease was assessed 2 cents per lb higher at 38-40 cents per lb FOB Los Angeles, with talk of prices reaching as high as 41-42 cents per lb.
Meanwhile, prices for used cooking oil (UCO) in Southern California continued to be reported in a wide range, from low- to mid-40s cents per lb. Sources noted tightness in the UCO market, with several sellers quickly having their offers taken due to limited availability.
…
10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
10.04.2024
Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...