*Please Note – Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
The market was mostly quiet on Monday, with many participants again adopting a wait-and-see attitude following recent volatility in soybean oil and palm oil futures. Distiller’s corn oil (DCO) traded at 62.50 cents delivered Manly, Iowa for July shipment. Gulf DCO was reportedly bid at 64 cents FOB. The Chicago tallow market was quiet and steady, with indications into the Gulf still seen at 57 cents delivered. Supply is reportedly tight and could get tighter in the coming weeks.
U.S. cattle slaughter finished last week at an estimated 649,000 head, up 2.37 percent on the week but down 2.35 percent on the year. In the next several weeks, cattle slaughter will be impacted by the July 4th holiday cutting into the production…
01.14.2025
EIA raises US renewable diesel output forecast for 2024-25, lowers 2025 biodiesel production outlook
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its...
01.14.2025
DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a bullish sentiment in the market.
01.14.2025
USDA raises 2024/25 forecast for GCAU count, lowers feed grain use estimate
Most US animal protein prices were flat to up day on day on Tuesday January 14. Animal protein products were slow to start the week, with light volumes traded,...