Soybean oil rebound fails to lift US fats and oils as uncertainty remains

Soybean oil rebound fails to lift US fats and oils as uncertainty remains

For the week ended Friday August 9, packer bleachable fancy tallow (BFT) prices in the US declined by 4.6% compared with the previous week’s average, driven by a drop in Gulf prices, reduced renewable demand, and recent softness in the soybean oil market.

Distillers’ corn oil (DCO) prices on the FOB Missouri River market decreased by 4.0% week on week, reflecting strong production and the downtrend in delivered Gulf prices.

Used cooking oil (UCO) delivered US Gulf fell by nearly 3%, averaging 45.75 cents per lb for the week.

Prices for choice white grease (CWG) and yellow grease declined by 1.9% and 2.4% respectively from last week’s average.

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