Used cooking oil (UCO) was reported at 45.50 cents per lb delivered US Gulf on Wednesday September 25, while yellow grease increased in the California markets.
Trading in the tallow markets remained limited throughout the day, although bids for material delivered into the Gulf were received slightly higher.
The most movement seen throughout the day was in the distiller’s corn oil markets where, delivered Gulf prices edged up to 46.00-47.00 cents per lb. Meanwhile, Midwest markets were assessed at 43.50-44.00 cents per lb FOB Missouri River and 43.00 cents per lb FOB Indiana/Ohio.
Sellers continue to push for higher prices in an effort to keep pace with the surging soybean oil (SBO) futures market.
“Flat price is definitely lagging the tremendous gains in SBO,” one source said.
Meanwhile, others have said that “cash demand for soybean oil and animal fats is lagging the gains in the futures market.”
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