Spot trading in the US animal fats and oils markets was relatively quiet on Thursday October 31, with only a handful of trades agreed, with uncertainties about the tax credit change in the first quarter of 2025 still dominating market discussions.
In the Gulf Coast market, used cooking oil (UCO) prices dipped slightly to 45.25 cents per lb for November, following trades completed late on Wednesday.
Meanwhile, December UCO trades were reported throughout the day, with prices as low as 42 cents per lb for delivery into the Gulf.
In the yellow grease market, spot prices remained at 43-43.5 cents per lb, delivered Gulf, although December trades were reported lower, at 40 cents per lb.
Conversely, prices for distiller’s corn oil (DCO) rose on Thursday, with the FOB Illinois/Wisconsin market trading at 45 cents per lb, benefiting from the upward momentum in the soybean oil complex.
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10.31.2024
US biofuel capacity, feedstock demand fall in August: EIA
US biodiesel capacity declined to a four-month low of 1.995 billion gallons during August, according to data released on Thursday October 31 by the US Energy Information Administration (EIA).
10.31.2024
December animal fats, oils prices decline amid uncertainties on 2025 tax credits
Spot trading in the US animal fats and oils markets was relatively quiet on Thursday October 31, with only a handful of trades agreed, with uncertainties about the tax...
10.31.2024
US pasture, range conditions decline further in October
Limited trade was reported on the US animal proteins market on Thursday October 31. Reported trades were within the previously assessed price ranges.
Pasture, range conditions
The national...