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...
Midweek hide trading was quiet, but buyers are actively bidding for steer and cow material. Sellers reported several bids on steer material at $1 less than last traded levels and cow material is steady with last traded levels. The spreading Omicron variant is creating concern amongst several market players of further government-imposed lockdowns in key tanning regions overseas. The port congestions remains a challenge for sellers while cattlehide supply continues at high slaughter levels.
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