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...
Activity is slower than the past several weeks with prices on limited trading close to last week’s trading levels. Differing opinions cast some uncertainty on the market direction, but most of the offerings are steady and many of the bids coming in are close to last week’s levels. Based on the current state of leather business as well as supplier and tanner inventory positions, it is likely that similar trading levels are in store until the…