Prices in the US animal fats and oils markets were mixed on Tuesday October 22, with most trade activity concentrating in the Gulf markets ahead of the day’s close.
The choice white grease (CWG) market moved lower throughout the day to 42 cents per lb Chicago basis. Meanwhile, the FOB Missouri River market held steady, though prices were discussed slightly lower, in the range of 42-43 cents per lb.
In the Gulf markets, tallow prices fell slightly on the day, assessed at 45.5-46.0 cents per lb delivered, while used cooking oil (UCO) traded 1 cent per lb lower on the day, at 45 cents per lb.
Distillers’ corn oil (DCO), on the other hand, traded higher in the US Gulf market on Tuesday, reaching 47.5-48.5 cents per lb. Bids and offers were reported across a wide range of 46.5-50 cents per lb, with activity coming from various directions throughout the day.
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