There was trading done at sharply lower levels again today with UCO below 50 cts/lb on an FOB basis out the Northern and Southern California markets. Yellow grease was lower as well. Illinois UCO traded down to 49 cts/lb FOB in good volume which weighed on the yellow grease prices as well. Choice white grease traded as low as 51 cts/lb FOB Mo. River in good volume, which is in line with 55 cts/lb del US Gulf indications heard yesterday.
Six cars of tech tallow traded at 67 cts/lb Chicago today. Trading for tallow was done at 57 cts/lb into the Gulf market. Chicago BFT remains quiet in terms of trading, but sources again indicated the buyers were in looking for material at lower levels.
The losses in the market today were again tied to margin compression in the renwable diesel and biodiesel sectors. Sellers looking for alternative outlets are seeing big pushback on prices tied to the extra nearby supply in the market.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...