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 protein market was quiet this afternoon with mostly steady trading reported. Porcine MBM trading was up out of the IN market, topping out at $290. Porcine blood meal values were also reported higher, $625 – 700 Midwest and $620 – 725 FOB IN.
Porcine MBM values pushed higher today with strong demand seen from the local and export markets. The spread between ruminant and porcine MBM currently sits at $60. Between Dec and Jan and of 16/17 the spread between…