Corn Gluten Meal Prices Move Higher
Corn gluten meal prices pushed higher this week. The COVID pandemic has changed eating habits for many consumers. Prior to the pandemic, US consumers ate 51 percent of their meals outside the home. Since the pandemic the number had dwindled as low as five percent for a low. More specifically, shoppers began gravitating to more grain and oilseed related products, which has led to an increase in corn gluten demand.
Another factor supporting prices is reduced gasoline demand. With consumers driving less the demand for gasoline has fallen sharply, which has led to an equal reduction in the demand for ethanol, which is roughly 10 percent of the gasoline blend. One of the by-products from ethanol production is corn gluten…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...