The USDA released their monthly World Ag Supply and Demand Estimates report for November (WASDE). It was fairly tame as far as balance sheet adjustments go. However, there were some changes made that impacted corn and soybean oil.
Corn’s yield per harvested acre was adjusted higher. October’s 2017/18 forecast was for 171.8 bushels per acre, November was bumped up 3.6 bushels to 175.4 bushels per acre. …
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...