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 protein market today after trading at mostly higher numbers through the week. Ruminant meat and bone meal (MBM) prices were up 2.1 percent, or $7 compared to last week’s average. Tighter supplies coming out of the holiday weekend and off of the JBS interruptions helped to boost the market. Sources have indicated export demand is very strong and that has helped to boost both the ruminant and porcine markets, although porcine MBM is flat with last week. Ruminant bloodmeal traded up to an average of $986, 1.7 percent over last week’s average and porcine bloodmeal was up 2.5 percent to an average of $1,025.
Figure 1.
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