05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Market Update
Pressure on DGS has been indicated at the start of the week, though most have reported actual trade values inside the previously set ranges.
The CME values were mixed for the start of the week. Corn was flat for the day due to most participants holding off until the USDA Crop Progress is released later today. Soybeans were down by $0.0275 to $14.33/st due to soyoil continuing to witness pressure and out-front soymeal dropping. Soymeal was stronger by $.80 to $426.90/st while wheat was mixed to lower by $0.0625 to $6.54/st on continued global unease and no real market direction.
Weekly Inspected Export Values Down for Major Grains
Weekly grains inspected for export from the USDA for week ending May 4th dropped approximately 780,607 metric tons or 32.6 percent this week from last week. The volumes all decreased from last week and last year on major grains for export inspections. Mexico was the top destination for total grains,…