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 & Analysis
Today’s release of the USDA cured hide and wet blue export sales report for week ending October 18 showed sales increased 66% from the previous week at 736,625 from 442,014 and shipments were 42% higher at 668,130 from 469,285. For comparison, last week slaughter was 625,000 head, which was eclipsed by both sales and shipments.
The US hide and wet blue positions from the beginning of the year till now is not as bullish as last week’s…