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…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...