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...
Market Activity
Choice white prices eased off out of the Mo. River market, topping out at $0.2650 today. Yellow grease prices were up out into the KS/TX market as feed buyers continue to see higher prices tied to good bio demand.
Corn oil production has increased steadily over the last three weeks, up an average of 275,000 lbs/day since the week ending June 1. Ethanol production was estimated at 1.072 million bbl/day last week, which puts dry mill corn oil production…