The US animal fats and oils markets kicked off the new year with notable activity on Thursday January 2.
Most of the activity was yet again concentrated in the choice white grease (CWG) markets, with FOB Missouri River trades reported within a fairly wide range.
However, the majority of indications remained within the current assessed range of 35-38 cents per lb, leaving the day’s assessment unchanged.
Smaller volumes, totaling four trucks, were reported trading as low as 31 cents per lb late Tuesday.
Meanwhile, CWG FOB Indiana prices declined on Thursday to 35-37 cents per lb.
However, indications throughout the day spanned a broader range, from 32.50 cents per lb to 39 cents per lb, depending on the material’s end-use sector. Biodiesel demand was reflected at the lower end of the range, while the feed sector continued to support prices at the higher end.
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