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...
Feather meal prices moved higher today, trading as high as $400 FOB Mid South. The entire animal protein complex has received a boost from the soybean meal market over the last several weeks. History suggests further upside risk in the near term. Over the last five years the price of feather meal FOB Mid-South has increased 3 times. Both fertilizer and range block demand is good and feather meal remains well valued versus soybean meal. At an average…