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...
November 5
Slaughter remains at quick, but steady pace, mainly on light-weighted cattle which aren’t in much demand. However, heavy raw hides are so the price has risen to Arg. 16 pesos (about US$0.19) per fresh kg and the price for light hides dropped to Arg.$14 (about US$0.17) per fresh kg.
Good quality Buenos Aires wet salted heavy steers are quoting unchanged from last week at about US$0.18 per kg.
The postponed wet salted hides export rate will continue until the end of the year, so wet salted hide exports continue firm.
As for leather demand, there is a lot of uncertainty due to COVID-19 in Europe and in USA, which are Argentina’s main sources of consumption.
Beef Argentine exports continue at a steady pace, with three consecutive months in which 12-month mobile shipments are…