December animal fats, oils prices decline amid uncertainties on 2025 tax credits

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 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.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

Latest Tweets