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...
Animal Proteins – International
Trading into Indonesia was reported $500 – 525 this week, the same into China. Sources have reported that offers are as low as $490 CIF Indonesia for October shipment. Sellers are seeing stiff competition from bean meal as well as cheaper MBM coming into the Chinese market from South America. Australian and New Zealand sellers going into smaller markets continue to report difficulty staying in rations due to the pervasiveness of smuggled EU material.
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