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...
Market Activity
Trading in the protein market was quiet today with no action reported.
The slowdown in the bean meal market looks to have caught up with the MBM market. Gains last week were limited to $1 in the porcine sector and $2 in the ruminant. Sources early in the week reported higher offers, but those were soon adjusted to sideways pricing after Tuesday’s $7.50 drop. Sources continued to report that despite the lower bean meal pricing, demand was strong and…