Trading was mostly quiet today with no changes reported. There was trading for packer BFT done outside of the Chicago rail corridor at a value that would equate to 59.75 Chicago. Market participants were more bullish on their outlook today with soybean oil prices up again and strong demand seen from multiple sectors.
Hog slaughter finished last week at an estimated 2.408 million head, up 1.7 percent from the week prior and up 0.2 percent from year prior levels. Over the next six weeks The Jacobsen is forecasting hog slaughter to average 2.325 million head per week, down 3.7 percent from the…
01.30.2025
Diamond Green Diesel will look to Europe for RD, SAF: Valero
The most attractive markets for renewable diesel (RD) and sustainable aviation fuel (SAF) are Europe and the UK, Eric Fisher, senior vice president of US-based fuels producer Valero, said...
01.30.2025
DCO holds firm while animal fats sentiment softens amid market uncertainty
Activity in the US animal fats and oils markets eased on Thursday January 30 as the month neared its end on a more cautious note amid ongoing uncertainty.
01.30.2025
Limited hide bidding interest; some Chinese tanners engage for discounts
Several hide sellers noted limited bidding interest on Thursday January 30, except for one packer who received strong volume bids from Chinese upholstery and shoe tanners despite the ongoing...