Extreme Weather Continues to Limit Trading

Extreme Weather Continues to Limit Trading

Trading was again quiet today with no changes reported as buyers and sellers continue to monitor the extreme weather across much of the southern US. Buyers and sellers are likely to ride out the week at steady prices and return next week after getting a better idea on the damage from the weather and in turn, their positions. Production disruptions have tightened livestock slaughter numbers on hogs, cattle and poultry and material will be tight coming out of the rendering facilities this week. Both March and May soybean meal contracts finished above $431 today, which is supportive of higher prices in the near term. Porcine MBM FOB Missouri River is averaging 90 percent of the price of nearby…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

Latest Tweets