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
A total of eight cars of CWG traded at $0.2300 Chicago today. Trucks out of the Mo. River market traded in a wide range, $0.1900 – 0.2200 FOB. Heavy supplies and a lack of trucks continue to weigh on the market. Lard traded down a penny, $0.3800 Chicago today.
Mo. River CWG currently sits at 61.3% to nearby soybean oil, a good value when considering the relative price over the last several years. The three year average for Dec is 65.9% and the five year…