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...
Animal Fats
Trading was mostly sideways today, but there were some movements in the DCO and UCO markets. Tech tallow remains offered at $0.3000 Chicago and unsold. Dark clouds seem to be taking shape on the horizon with poor biodiesel demand and well bought, nearby positions.
Poultry fat prices were flat today, well supported by strong feed demand. Near term prices are apt to stay flat with many heading to the IPPE in Atlanta, next week. The fundamentals suggest sideways to…