The US animal fats and oils markets remained largely steady on Tuesday November 19, with limited trading activity and most market discussions centered around Gulf Coast pricing.
Sources note that many buyers in the Chicago market have completed their purchases for the year, leading to expectations of muted trade activity in the region through December.
“I think the market is pretty well-balanced for the end of the year,” one source added.
In contrast, demand in the Gulf market appears much stronger, with some describing it as “the best market at the moment.”
Used cooking oil (UCO) continued trading as high as 46 cents per lb delivered into the Gulf on Tuesday, maintaining the four-month high reached the day before.
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