Prices for US animal fats and oils were once again mixed on Wednesday October 23, with some Chicago markets dipping while certain prices in the Gulf market experienced slight increases.
Used cooking oil (UCO) delivered to the Gulf traded higher late on Tuesday October 22 and during Wednesday’s session, bringing the price range to 45-46 cents per lb.
Meanwhile, yellow grease in the Gulf market rose slightly on the day to be assessed at 34.5 cents per lb for November shipment.
In contrast, the Chicago tallow market faced downward pressure due to weak demand, with renderer-grade bleachable fancy tallow (BFT) falling throughout the day to 44 cents per lb.
In other news, the US Energy Information Administration (EIA) estimated ethanol production for the week to October 18 at a two-month high of 1.081 million barrels per day, according to the Weekly Petroleum Status Report released on Wednesday.
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