Volatility in Crude Drives Mixed Vegetable Oil Prices
Vegetable oil prices were mixed on Tuesday, as volatility in crude oil prices contributed to the movement in both markets. Higher crude oil over night helped support palm oil, while a reversal during U.S. trading hours contributed to the weakness in soybean oil futures.
Soybean oil futures declined by more than 1/2 percent (July contract…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...