Bean meal prices surged higher by more than 2% early Tuesday climbing for the 3rd straight trading session, following a report from the USDA last Thursday and a declining dollar. Hedge fund traders added to long position in futures and options while reducing some of their short positions. Technically, bean meal strength looks robust and momentum is pointing to higher…
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...