Weekly credit volume slowed during the fourth week of April but still well above average, registering the fourth highest weekly total recorded. Credit volume of 907,825 was seven percent below last week’s total but 853,895 credits over the same period in Q2 2019. The average price paid per credit was $197.19, down 47 cents from last week. There were 54 transactions, 22 were type 1 transfers of 141,227 credits and 32 were type 2 transfers of 766,598 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give a clearer picture of where the market is currently trading since Type 2 transactions do not give a date the agreement was entered into. The weighted average price for type 1 trades was $186.86 and the weighted average for all trades was $197.19. Average 2020 weekly credit volume…
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...