Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week with limited trading.
Sizable volumes of UCO traded at 46 cents per lb, delivered Gulf Coast, though offers were heard as high as 48 cents per lb throughout the day.
Sources have noted expectations of short-term upward momentum, though uncertainties continue to cloud the outlook for the remainder of the year.
The only other notable activity observed throughout the day was in the choice white grease market, with trucks trading at the high end of the assessed range of 42.5-43.5 cents per lb, FOB Missouri River.
Meanwhile, both European and Asian UCO markets were quiet on Monday with no fresh deals reported, as the market was still digesting the news about the
…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...