Used Cooking Oil – Delivered Gulf

Pricing is for forward sales (30 – 90 days in the future) of Used Cooking Oil (UCO) in rail cars at a price negotiated relative to a delivered Gulf (New Orleans, LA area or Houston, TX area) value. UCO can be traded as packer or renderer specification. Price discovery falls within our printed methodology. Minimum volumes and specifications have been determined by discussions of market participants and with guidance from the specifications within the market trade associations

Price: US Cents per pound

Cargo Size: Minimum of 5 rail cars

Timing: Delivery date outside of 30 days of sale

Assessment: Monday – Friday until 3:00 pm CT. Any trades confirmed after 3 pm CT are reflected in the following day’s price guide. From the Friday after Memorial Day until the Friday before Labor Day, the Friday close of trade is 12 noon CT.

Specifications for Used Cooking Oil are as follows:

To ensure that The Jacobsen is capturing accurate values in what can be an illiquid market, The Jacobsen takes into account trades, bids and offers from the market as a whole on each given day. Trading takes priority in price reporting and in the case of multiple price points, The Jacobsen will print a price spread as long as the high and low are within 5 percent of each other. In the instance of a wider price spread, volumetric considerations are used to determine a price as well as the hierarchy of price exclusions. Price spreads of greater than 5 percent can be included in the price guide after a peer review process.

Trade values need to be repeatable across the market.

All buyers are eligible to bid a market higher or offer the market lower as all sellers are able to offer product lower and bid the market higher. The bids and offers must be made to the market as a whole and are subjected to scrutiny by the PRA assessors to determine if the value is an economic reality.

All transactions must be made at arm’s length.

 

Blog

05.26.2023

Fat Market Drifts Sideways Ahead of Holiday Break

Fat Market Drifts Sideways Ahead of Holiday Break

Please Note – starting today May 26th, The Jacobsen will close trade for the Animal Fats bulletin at noon CT on Friday. The early close will remain in effect...

05.26.2023

CBD Shops to Close in Wake of New Delta-8 THC Laws

CBD Shops to Close in Wake of New Delta-8 THC Laws

Shops around the U.S. are set to close after states implement stricter laws around hemp-derived cannabinoids.  Delta-8 THC (?8) – and other novel isomers...

05.26.2023

Animal Proteins Stagnant at End of Week; Soymeal Unsettled

Animal Proteins Stagnant at End of Week; Soymeal Unsettled

Please Note – starting today May 26th, The Jacobsen will close trade for the Animal Proteins bulletin at noon CT on Friday. The early close will remain in effect...

Latest Tweets

Twitter feed is not available at the moment.