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...
**Please note – Ryan Standard will be out of the office Wednesday, May 10th and 11th. In his absence, please contact Amanda Luhavalja at [email protected].**
Choice white grease prices continue to rally with strong demand reported from the feed and renewable fuel sectors. Values FOB Mo. River today were reported in a range of 52-53.5 with the bulk of action seen in the 52-53 range.
Tallow was quiet on a cash basis, sources indicated that there has been good demand from buyers on a formula basis for BFT and technical tallow. The truck market, much like CWG, has been well supported and offers for June shipment are likely to be higher for both Chicago and the Gulf.
Distiller’s corn oil was indicated in a higher range on an FOB basis for May…