Weekly credit volume continued higher moving into June. Volume of 261,269 was 96 percent over the prior week but 28 percent below the average weekly credit volume during 2020. During June, credit volume has averaged 197 thousand per week, this is up from 109 thousand per week in May. The average price paid per credit decreased $0.32 to $204.64. There were 29 transactions, 17 were type 1 transfers of 88,519 credits and 12 were type 2 transfers of 172,750 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 somewhat clearer indication of where the market is trading since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $208.18, which was $3.54 over the average price of all…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...