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 hide market remained quiet today with a few active trades for Butt Branded (BBS) and Colorado Branded steers. Sources reported lightweight BBS down $.50 and middleweight down $1 from yesterday’s price levels. CBS prices are also down $1 for each light, middle, and heavy weight. As the Lunar New Year approaches and logistic concerns remain unchanged the market seems to be under some pressure. This narrow price gap between cows and steers might have cow buyers interested in steer hides because of tight spread.
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