The US animal fats and oils markets were stable to slightly higher on Tuesday September 24, with sources reporting wide price ranges. Sentiment appeared more bullish — driven by rising prices in the vegetable oil complex, particularly palm and soybean oil (SBO) — but it was largely unconfirmed amid limited trading.
As a result, the market remains without a clear direction despite the broader strength in vegoil prices.
In the California markets, yellow grease was assessed 2 cents per lb higher at 38-40 cents per lb FOB Los Angeles, with talk of prices reaching as high as 41-42 cents per lb.
Meanwhile, prices for used cooking oil (UCO) in Southern California continued to be reported in a wide range, from low- to mid-40s cents per lb. Sources noted tightness in the UCO market, with several sellers quickly having their offers taken due to limited availability.
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