The US animal fats and oils markets were stable to lower on Friday November 1, with most of the trade activity throughout the week observed in the Gulf Coast markets.
On Friday, prices for used cooking oil (UCO) delivered into the Gulf decreased following trades completed late on Thursday October 31, which were reported at 43.5-44.5 cents per lb, resulting in a weekly average decline of 0.49% to 45.176 cents per lb.
The most notable trade activity this week occurred in the Gulf market for December buying, in which UCO prices were reported at 42 cents per lb, down by 7.03% compared with the latest prices for November delivery.
In the yellow grease markets, spot prices in the Gulf Coast dropped by 1.25 cents per lb to settle at 42 cents per lb on Friday, while December trades were reported as low as 40 cents per lb during the week.
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