Commentary:
**First I want to apologize and correct something that I wrote yesterday Feb 3. I had mentioned that the poultry fat Carolina market was down as much as a penny. That was not correct. However the Carolina Yellow Grease market did see some declines by as “much as a penny.” ***
No trading was reported in the BFT market today although there was a rumor of a 28 cts. Chicago packer BFT trade, that I…
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...