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...
April 30
No news since last week. The situation in Argentina is looking meek. Fresh hides remain at Arg. $0., so they are neither salted or thrown away. Most frigorificos have their frigo-beef facilities already full.
Lower slaughter accompanies a lesser domestic consumption.
The few Buenos Aires wet salted heavy steers quoted, continue at about US$0.07 per kg.
Many tanneries with serious difficulties are continuing to operate.
There are fewer orders than usually at this time. Also there has been a lot of uncertainty about when clients will start buying again.
Argentina beef exports in March totaled 59,000 tons of carcass equivalent (TEC) which is…