US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American Fats and Oils Association event in Nashville, limiting reported activity.
The only market movements observed on Friday were for distillers’ corn oil (DCO) prices, which declined out of the FOB Midwest markets.
FOB Illinois/Wisconsin DCO traded at 42.00-43.75 cents per lb, with significant volumes heard trading late Thursday afternoon at 43.00 cents per lb for October and November delivery. In addition, a large number of truck loads traded in the FOB Nebraska market slightly below the last reported price at 43.00-43.50 cents per lb.
Overall, renderer fat prices showed mixed movement throughout the week, with declines in bleachable fancy tallow (BFT) and choice white grease (CWG), while used cooking oil (UCO) edged slightly higher and yellow grease held steady.
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