Grain and feed items for the week were highly unsettled with most values swinging lower. Last week’s anticipation of continued pressure on grain and feed prices proved accurate. The weekly averages of DDGS and corn gluten fell, with DDDGS weaker across the board. The largest decreases in weekly averages were Illinois and MN/Dakotas at 4.6 and 2.9 percent, respectively. This was largely attributed to the decrease in CBOT corn and lack of demand for feed related items.
Corn gluten meal experienced immense pressure throughout the week and even displayed signs of rapid price declines on several days. Due to most sitting on the sidelines, only a limited number of offers and bids were communicated. Corn gluten feed also…
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...