Market Update
Wheat midds were reported as highly mixed for the week on a combination of increased production schedules, hit-and-miss demand, volatility on the CBOT, and persistent accounts of reformulations on animal feed. MN and Buffalo were stronger for the day while KC was lower. Kansas City was reduced to $160-170/st due to higher crushing levels weighing on tones. Meanwhile, active demand levels in MN and Buffalo have led to values similar to KC in the near term. Also affecting the market is higher cattle grazing as well as lower head counts than previously expected.
CME grain pricing was scattered, with corn dropping $0.0375 to $6.04/st due to potential rain in the central U.S. and technical selling. Soybeans managed to post…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...