Weekly credit volume continues to be stronger than average as credit prices begin to stabilize. Credit volume held above 600K credits transacted and was 60 percent over the weekly 2020 average of 374,919. Weekly credit volume was 12 percent below last week’s total but 99 percent over last year’s volume for the same weekly period. The average price paid per credit increased $2.76 to $202.52. There were 70 transactions, 22 percent were type 1 transfers of 135,102 credits and 78 percent were type 2 transfers of 466,304 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 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 $196.67, which was $5.55…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...