Trading was quiet in the animal protein market today, but downward price pressure should be expected after soybean meal fell below $400 today for the May contract. Hog slaughter finished last week at an estimated 2.58 million head, down 3.8 percent from a year prior levels. The harvest is forecast to trend lower over the next six weeks, averaging 2.54 million head versus 2.59 million head over the prior six weeks. Slaughter is forecast well over 2020 levels, which were dramatically impacted by COVID related packing house closures. Slaughter is forecat 5 percent over the same time…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...