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...
Market Activity & Analysis
The US hide market ends the week with consistent to slightly higher prices for some selections. HNS saw an increase on Thursday and Jumbo HTS has seen a jump today. Many continue to have concern about demand. The savings rate and unemployment in the US have risen, which is prompting continued fear of the economy. Consumer spending in the month of April dropped 13.6%. The risk of minimal interest in leather products is potentially high in the short term. Big packer steer quotes included HNS…