Grain and feed items for the week were highly unsettled and mixed with most values swinging higher or lower. Last week’s expectations of continued pressure were forthright, with both DDGS and corn gluten items declining on the weekly averages. DDDGS were weaker across the board on the weekly average with most participants indicating the CBOT corn drops as well as limited interest on feed related items pressured values lower. A low of $205/st was reported in Iowa leading to a $21/st decline from yesterday. On the weekly averages, a 3.8 and 4.9 percent drop were noted for Illinois and MN/Dakotas, individually.
Corn gluten meal was under extreme pressure throughout the week and even had indications of rapid price declines on several days. A hand-to-mouth tone was communicated as well as limited offers and bids due to most sitting on the sideline. A drop of $6.50/st was witnessed on MW trucks on the weekly average while CIF NOLA barge is…
07.26.2024
US Court of Appeals sends SRE decision back to EPA; soyoil prices tumble on potentially lower biofuel demand
On Friday July 26, the US Court of Appeals vacated at least some of the blanket small refinery exemption (SRE) denials made by the Environmental Protection Agency (EPA) in...
07.26.2024
Animal fats and oils trade freezes following soybean oil market drop on SRE report
Trading in the animal fats and oils market was quiet on Friday July 26; the California yellow grease market the only one to rise, with prices up to 31-32...
07.26.2024
Porcine bloodmeal, Missouri River, moves higher week on week; June commercial cattle, hog slaughter
US animal protein prices were highly mixed in the week to Friday July 26, with limited trade on both Thursday July 25 and on Friday. Porcine bloodmeal was the...