Soybean meal prices moved lower on Tuesday making a new 4-day low and testing trend line support. Softer than expected data released in the U.S. and China have generated headwinds for bean meal prices. Weather in the Mid-west is expected to be cooler than normal with enough rain to keep the harvest intact. Hedge fund traders lined up on the short side, according to the latest industry report.
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01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...