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...
“Fighting for a home” has been the most commonly heard phrase around the market the past couple of weeks and this week has certainly not been an exception. A resurgence of production in the protein harvest has pushed more animal proteins into the market. Feathermeal prices out of the Mid South market are down $70 or 21 percent over the last four weeks. Prices are on track to hit the lowest June monthly average since 2007. At an average price of $260, feathermeal has a relative price to soybean meal of 79 percent, which is 53 points under the prior three year average for June. The…