Bean meal prices are consolidating in a relatively tight range as traders await the outcome of the current harvest season. The latest estimate by the U.S. Department of Agriculture shows that soybean production is estimated at a record 4.27 billion bushels, up 2% from September and up 9% from last year. Based on October 1 conditions, yields are expected to average a record 51.4 bushels per acre, up 0.8 bushel from…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...