Trading was quiet coming off of the long, holiday weekend. Soybean oil futures were up today but the sinking heating oil market will do little to entice biofuels producers to pay higher prices. The general tone of the market heading into the first, full week of April is corrective to the downside. Bleachable fancy tallow remains offered and unsold at steady prices and early indications are that most buyers are well covered for their nearby positions. Cattle slaughter finished last week at 609,000 head, down 6.2 percent from the week prior. Slaughter numbers are forecast to pick back up this week to an estimated 660,000 head. Over the next six weeks slaughter is forecast at an average of 644,000 head, up 1.5 percent from the prior six week…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...