Corn:
The corn harvest is 91 percent complete, up nine points from last week and 11 points over the five-year average of 80 percent. According to the USDA’s October WASDE report, 14.72 billion bushels of corn are expected to be harvested. With the harvest 91 percent complete, 13.4 billion bushels have been harvested and 1.3 billion are still in the fields. Favorable weather has allowed 14 of 18 reporting states to be at or ahead of their historical harvest pace. North Dakota leads the pack by outpacing the historical norm by 33 points. The North Dakota harvest is 93 percent complete versus a historical average of 60 percent. Ohio is the largest producer furthest behind, trailing their average harvest pace by…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.