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
Three rail cars of renderer and a eight cars of packer BFT traded at $0.3075 Chicago this afternoon. Sources remarked that buyers had been kicking tires for the last week, but thus far had been unwilling to pay up a penny. Cattle kills remain tight as evidenced by the 109,000 head count today. When comparing the Jan – Feb totals, cattle slaughter is off 334,000 head from 2014 and 596,000 head from 2013.
Figure 1.
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