Grain and feed items gained momentum throughout the week, primarily due to worries of dry weather in the Midwest leading to reduced yield prospects for corn and soybeans. This sent futures sharply higher Thursday, with corn reaching a two-month high. The weekly averages of DDGs and corn gluten had varying levels, yet DDGs began to fall, with a decrease seen in the MN/Dakotas market, down 1.5 and Illinois steady. This can be largely attributed to the climbing prices of corn and soybean meal, a factor which will further support the DDG market going forward.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...