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 & Analysis
This week the US hide market saw a few selections edge slightly higher on lower volume following big sales last week. The Jacobsen Hide Index closed $0.48 higher Thursday at $93.71 from $92.97 a week ago. Several market participants opined the steer market lacked energy to move prices to the next level with resistance strong. The cow market continued to be stronger than steers with prices moving a dollar higher on several selections.
…