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 – Chloe Krimmel will be out of the office until Tuesday, December 19th. In her absence, please contact Ryan Standard. **
Trading was mostly quiet today with no changes to the price guide. Negative pressure continues on ruminant meat and bonemeal (MBM) with trading reported in a wide range out of the Mo. River market. Mixed species material was reported as low as $175/st FOB River today and pure beef as high as $300/st. The market continues to be mixed with pockets of heavy supply mixing with low demand, while others have been able to sell at the top end of the range. Exports, avian influenza and stronger production have all weighed on the market. At this point in the month, both buyers and sellers seem more concerned with logistics though the holiday beak than with relative prices to soybean meal and inclusion rates.
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