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...
The market was very quiet today with no changes reported. March soybean oil futures were up 1.26 cts/lb on the day, which also contributed to the pause in the market.
Cattle slaughter finished last week at an estimated 617,000 up 13.0 percent from the storm-shortened prior week. The Jacobsen is forecasting cattle slaughter at 620,00 head this week and at an average of 615,830 over the next six weeks.
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