Trading was mostly quiet today with some light action reported out of the ruminant MBM market at steady pricing. There was some trading down lower out of the IL Renderer market, $310.
Overall, the tone to close the week was one of bearishness. Heavy pork and poultry supplies in the market and a SBM market in the low $300’s is weighing on the animal protein complex as a whole. Buyers are looking for cheaper cash, veg proteins for October and are sure to be…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...