Strong demand from California renewable sector pulls UCO market higher

Strong demand from California renewable sector pulls UCO market higher

Used cooking oil (UCO) traded higher out of the Northern and Southern California markets on strong renewable demand delivered to Northern California in the week to Friday July 12.

A report of a car of lard traded at 53 cents per lb Chicago basis was submitted after the close of trade at noon US Central time.

For the week ended July 12, prices were mostly higher despite lower soybean oil futures prices on the Chicago Board of Trade (CBOT) in the first half of the week. Trade was stymied by much of the Houston metropolitan area being without power for most of the week following Hurricane Beryl’s landfall on Monday July 8.

Distiller’s corn oil (DCO) FOB Missouri River was up 3.9%, or 1.75 cents per lb, from the prior week’s average.

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