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...
Placed on Feed Cattle for February Higher by 9.69% YoY
Based on the Friday March 22 USDA Cattle on Feed report, March 1 inventory showed the total on-feed numbers equated to 11,838,000 head, up 1.31% from the respective month in 2023. During February, cattle placed on feed was at 1.890 million head, or 9.69% above last year.
Marketings for February were higher than 2023, up 3.40% to 1.793 million head. Higher head counts on cattle have been indicated for most regions for the current month, though the higher cash cattle price continues to be lofty.
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