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...
After a decent round of business and low slaughter last week, a few suppliers put out hide offerings overnight with less hides and firmer prices. Suppliers have started the week more aggressively than the past several weeks; however, two questions remain: will buyers have any appetite for hides at higher prices or will they choose to wait? At this early stage there is no indication buyers will pay more and some…