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…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...