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...
With concerted efforts, tanners continue to put pressure on suppliers with lower bids and by largely refraining from cleaning up hide production. Very low split values and stagnant leather markets are at the root of the problem. After three weeks of slow sales, suppliers hope this is the week something will break the stalemate and spur volume sales. Heavy Texas Steers, often considered the bell weather of US steer hide price, have recently…