Wheat prices moved lower last week while corn and soybean prices traded fractionally on either side of “unchanged”. Soybeans continue to react to the harvest and weather in Brazil. Domestically, both corn and soybeans are seeing tight stock situations, which will tend to amplify moves and volatility. The market is awaiting tomorrow’s WASDE report while digesting the impact African Swine Fever and other diseases might have in the Chinese hog population.
Wheat and corn co-product prices are mostly holding steady for wheat midds, while DDGS values are moving lower to start the week. It was reported that Iowa DDGS dipped all the way down to $217 per ton over the past week and are currently seen in the $215 to $225 range this week. Regionally, Iowa is seeing the softest, or perhaps most competitive values. Other regions are seeing DDGS trading in the $230 to $245 range…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...