Crude oil prices have moved to a new range which appears to be floored near $50 per barrel and capped close to $55 per barrel. Recently the EIA has increased its average price for WTI to $53 per barrel, as inventories begin to balance over the course of 2017. OPEC appears to have started on the right foot according to reports about Saudi Arabia, but U.S. producers are doing their best to fill the void and…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...