There were reduced run-times at the mills over the Holiday weekend. Supply remains good but producers and Brokers are hesitant to let prices slide too rapidly until they see that run-times remain solid following the Holiday. Demand has been strong, and the market appears to be well positioned to see lower prices in the near term.
Minneapolis wheat mid prices are about $170 per ton FOB this week according to sources. This is $20 per ton above values seen at this time last year, and $85 per ton over the prior three-year average. Historically, prices tend to move lower 60 percent of the time during April and this coincides with forward pricing we are seeing. For Minneapolis area pricing is projected to…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...