Market Activity

Trading was mostly sideways today and fairly quiet. Corn oil trading did move lower with biodiesel pulling back bids, especially for March delivery. A well sold February market has kept values buoyed, but truck market fats are seeing mounting pressure to move lower.

Hog slaughter finished last week at 2.516 million head, up 5.5% from 2018 and up 5.4% from the week prior. Slaughter is forecast to move lower through March, which will tighten supply up from…