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...
A few more Asian buyers are returning back from the Lunar New Year holiday and beginning to make some inquiries and bids. It appears that most of the bids are a dollar or two below last week’s trading levels, but good interest provides encouragement to some suppliers that buyers indeed need hides. While a limited quantity of hides are trading slightly higher or lower from supplier to supplier, the market this week is generally in a holding…