Used cooking oil (UCO) traded lower out of the Northern and Southern California FOB markets today as margin pressure continues to weigh on feedstock prices. Yellow grease prices were lower on the West Coast as well, down into the San Joaquin Valley market and out of the Pacific Northwest.
Outside of the West Coast markets trading was steady with no changes reported east of California. A negative tone persists, but steady buying activity from the renewable diesel producers and a good value for US origin fats relative to the global market are buoying near term prices in some markets.
The EIA estimated ethanol production at 1.078 million barrels per day for last week in today’s Weekly Petroleum Status Report. The Jacobsen estimates distiller’s corn oil production (DCO) at 10.2 million pounds per day, down 0.6 percent from last week…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...