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
The market was typically Monday quiet with no action reported.
Hog Slaughter
Last week’s hog slaughter estimate was right on par with 2016 at 2.535 million head. The actual difference between the 2017 estimate and 2016 actual was an 8,000 head decrease for 2017. Slaughter over the next four weeks looks very similar to 2016. Our estimate of 9.216 million head over the next four weeks is up 0.38% from the same time period in 2016. Jan looks to…