Trading was quiet to start the week. The risk for higher prices remains high, but buyers and sellers were on the sidelines to start the week. Negative direction in the grain and vegetable oil markets is giving buyers some optimism for lower prices, or at least a ceiling, but the nearby supply and demand fundamentals are suggestive of another level of correction to the upside for tallow and greases.
Hog slaughter finished last week at an estimated 2.85 million head, five percent over the same week in 2020. Slaughter is forecast to trend lower over the next six weeks, falling from a projected 2.7 million head this week to…
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.