Twelve cars of packer BFT traded up sharply today. Tight nearby availability tied to production issues and higher ffa levels limiting supply of max 4 BFT is meeting some short positions, driving prices sharply higher over the last couple of weeks. Renderer BFT was bid higher today as well for up to ten cars with sellers not willing to sell as of press time.
Hog slaughter finished last week at an estimated 2.5 million head, up 8 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.6 million head this week and to 2.7 million head on the week ending September 19th. Production over the next six weeks is forecast at an average of 2.59 million head, up 4 percent compared to llast year and 5 percent higher than the prior six week average.
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...