Bean meal prices moved lower on Tuesday following a breakout from trend line resistance on Friday. This came on the heels of the better than expected U.S. jobs report. Unfortunately, the Chinese trade report showed a whopping decline in both exports and imports which should weigh on meal prices. Hedge fund traders added to short positions in futures and options and appear to be off-sides if the…
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...