Crude oil stocks have been stubbornly high in the United States, despite an OPEC cut that was put into place in January to balance global inventories. There has been commentary by market pundits that the reason for high levels of inventory is increased U.S. production which has offset imports. While this argument seems to make sense, the reporting of production by the Energy Information Administration, shows that this…
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...