Lexi Watts out of Office December 16-18
Lexi Watts will be out of the office Wednesday, December 16 through Friday, December 18 and will return on Monday, December 21. In her absence, please contact Ryan Standard at [email protected] with any questions or trades to report.
Prices were mostly unchanged today with the exception of Butt Branded Steers (BBS) increasing $1 to return to last week’s closing levels. Some customers in the automotive and furniture sectors are still expressing willingness to buy at the higher prices.
The Federal Reserve Economic Data (FRED) reported the November hide and leather Producer Price Index (PPI) at 58 points, up 73 percent from July’s all-time low of 33 points and a return to pre-pandemic levels. The synthetic fibers PPI continues to trend lower, although slightly higher in November at 125 points. November was only the second month in the last 15 with…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...