Bean oil prices tested trend line resistance following the breakdown in prices seen early last week. Speculation had been building that the USDA was likely to lower the US soybean yield on account of all the excessive moisture in the mid-west. However, the USDA in the July report, left the 2015/16 US soybean yield unchanged versus a month ago at 46 bushels per acre.
Since the USDA’s June 7th Weekly…
01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...