2024 WASDE Production Expectations Varied
Values reported for the day were within the previously set values. Contacts called the market quiet again, though wide...
Trading was active at lower numbers today on continued limited demand and pressure from lower heating oil futures. Used cooking oil (UCO) traded down to 41.5 cts/lb del US Gulf. Yellow grease traded in a range of 42-43 cts/lb del Gulf. Tallow traded into the Gulf in a wide range today and was quiet into/through the Chicago market. The lower heating oil market contributed to lower yellow grease and UCO numbers in the California market as well.
Imports of UCO have pressured the market...