It was a very quiet day in the fat market with little action reported. CWG trading was down today, $0.2450 – 0.2500 FOB Mo. River to sum up the day’s spot action.
Prices were fairly regional last week with the Midwestern markets seeing declines in the DCO, YG and CWG markets. Looking at the big drop in heating oil values it’s easy to make the connection between the price drops and biodiesel bids/demand. Sources commented that both biodiesel and feed…
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...