The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and impending industry changes.
The only notable trades reported were in the choice white grease (CWG) market, with trucks trading at 42.0-42.5 cents per lb FOB Missouri River.
Meanwhile, price indications for used cooking oil (UCO) delivered into the Gulf Coast held steady at a four-month high of 46 cents per lb.
Tallow in the region was still being discussed at 45-46 cents per lb, delivered, though availability appeared limited, leading some buyers to turn to alternative feedstocks such as yellow grease.
The recent uptick in Gulf prices has been linked to increased buying, as many buyers who delayed December purchases due to year-end and first-quarter uncertainties now find themselves needing material.
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