Margin Compression Driving Lower Fat Prices

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Margin Compression Driving Lower Fat Prices

There was trading done at sharply lower levels again today with UCO below 50 cts/lb on an FOB basis out the Northern and Southern California markets. Yellow grease was lower as well. Illinois UCO traded down to 49 cts/lb FOB in good volume which weighed on the yellow grease prices as well. Choice white grease traded as low as 51 cts/lb FOB Mo. River in good volume, which is in line with 55 cts/lb del US Gulf indications heard yesterday. 

Six cars of...

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