05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Most suppliers have positive outlooks with some of the early cow offerings reduced and prices steady to firm. A few steer offerings were similar to last week. Several early bids were lower with more downward pressure on the heavier steer hides.
There was a moderate number of cow trades reported today with prices $1-$2 above previous sales which supports reports of the firm cow market. While there are still…