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…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...