Trading was mostly quiet to start the week, but there were indications that sellers are seeking higher prices. Gulf UCO values are higher today, driven by strong demand through O-N-D. Soybean oil prices did move higher again today with the October contract settling at 34.23.
Cattle slaughter finished last week at 574,000 head, down 9.7 percent from a year ago and down 9.3 percent relative to the year prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 645,000 head, down 2.4 percent from last year. Over the next six weeks, slaughter is forecast at…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...