Soybean oil prices attempted to bounce near the June lows and are consolidating. Soybean oil stocks remain at elevated levels, and tariffs on soybeans continue to weigh on the entire soybean complex. The oil share, which reflects the price of soybean oil relative to soybean meal, remains near the lower end of the 5-year range, 8% below the 5-year average and 7% above the lower end of…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...