Soybean Oil Settles Higher
Soybean oil prices moved higher on Thursday as prices rallied with crude oil in overnight trading, but settled about 1/2 percent below the high of the day when crude oil gains evaporated at the beginning of U.S. trading. Soybean oil futures gained more than 1 1/2 percent (July contract +42 basis points) on strength in soybean futures and oil share spreading by the funds. The rally…
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...