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...
Four cars of packer bleachable fancy tallow (BFT) traded down a penny today. Choice white grease was steady with limited action in the spot market. Supply has been moving at $0.1900 cents and above and a bottom may be starting to settle on the market. At an average of $0.1975, choice white grease has a relative price to corn of 342 percent, which is 40 points under the prior three-year average. A lot of heavy livestock appear to be in queue for the abattoirs and feeders are continuing with low energy…