Ten cars of packer BFT traded at $0.2850 into the Gulf this afternoon. Sources had reported earlier in the day that buyers had been looking for Chicago material at steady money, but unable to find any offers. The Gulf trade will certainly give the bulls some lift as does the bean oil and palm stearin markets. Palm stearin values are up just over four cents over the last month and cash bean oil values are up just shy of three and a quarter. Packer BFT prices, in the…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.