Weekly credit volume of 624,060 was 71 percent over the average weekly credit volume for the year and 215,373 credits above last week’s total. Volume increased 53 percent from the prior week and despite being the third highest weekly credit total of 2020, volume was 16 percent below last year’s total for the same period. The average price paid per credit increased $0.22 to $197.18. There were 88 transactions, 23 percent were type 1 transfers of 169,015 credits and 65 were type 2 transfers of 455,045 credits. Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a better indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $191.86, $5.32 below the average for all trades. Fourth…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...