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
The fat market was mostly quiet to start the week. Packer BFT remains offered and untraded at $0.2900 Chicago and Tech at $0.3000 Chicago. Buyers are reporting a comfortable position right now and don’t feel the need to venture in and stop what could be further declines.
CWG traded in good volume at $0.2450 this afternoon.
Weekly Review
The weekly average price for fats fell across the board last week. Pressure from strong supplies of…