Most of the week’s offerings from US suppliers have slimmed down and are steady to firm with several asking prices a dollar above last week’s sales. Overnight there were a few more reports confirmed that volume activity from some major China tanners took place last week for February/March shipments. Some of the business was at steady money and some a dollar above a week ago prices depending on items. It is not clear if the uptick was due to…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...