Bean meal prices are trading underpressure as traders absorb additional information on crop progress. The USDA’s most recent release showed solid conditions for soybeans. Wetter than normal and moderate temperatures continue to reflect future favorable whether conditions. Additionally, Brazilian soybean exports look to be 3.5% higher on 2016, and just shy of the 2015 record. Hedge fund traders added to short position and reduce short…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...