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 US hide market ended the week with volume a little down, steers steady and cows firm. Packer HTS traded from $71 to $73, BBS from $72 to $73 and HNS from $75 to $75.50. Some reports from China note the market was more active as the China New Year holiday (January 28 to February 2).
Week-Ending Slaughter
The week’s estimated cattle slaughter was 609,000. The previous week’s kill was 537,000. Year-to-date slaughter at 1,146,000 is up 2.3% from 2016.
Today’s Market
There was a moderate number of sales quoted today with steers steady and cows firm.