Hog slaughter finished last week at an estimated 2.45 million head, up half a percent from year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.5 million head this week and to 2.4 million head per week, through the week ending July 25th. The upswing through July is expected to drive the next six weeks to an average of 3 percent over 2019 levels, a sign that production issues have normalized. The increased…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...