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
Trading was fairly quiet this afternoon with little activity reported. Choice white grease traded steady out of the Mo. River market. Yellow grease was quiet with sources again suggesting lower bids.
BFT remains untraded in the Chicago market, but sources have suggested interest is building for the March position. As stated yesterday, a bid of $0.2900 for the March position went untraded. Given the continued tight kills on cattle, it’s not surprising to see…