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...
Choice white grease prices moved higher today as some renewed interest from the fuel sector has driven the nearby of the top range higher. The market remains split with smaller volume, i.e. 5 truck load shipments, available at the lower end of the range. Bigger volumes, 20 – 30 truck trades have been done at the top end of the range. Feed buyers have been consistent in the 20.5 delivered neighborhood and increased demand has started to show this week. With more demand from the biodiesel industry surfacing, there is risk for prices into the feed sector to move higher. It’s reasonable to expect the upswing to be tempered by the large supply currently in the market and…