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...
June 17
May slaughter was reported at 964 thousand heads, down 12 percent from April and down 17 percent year-on-year comparison.
Slaughter continues working at a normal rate this week.
Good quality Buenos Aires wet salted steer prices are also quoting unchanged at about US$085~0.90 per kg.
Demand also remains unchanged.
June 10
The government ban of beef exports has completed the 30-day probation. However, the intention to lower prices did not occur when, in fact, the prices increased. Additionally, the annual Hilton quota is under permit by Europe. If traders don’t comply, they run the risk of not receiving the report in the following year.
Slaughter is working at a normal rate this week due to the recovery from…