04.25.2025
Sausage casings bulletin, April 25, 2025
Runner market commentary
Table 1
Table 2
...
**Please note, The Jacobsen will not publish a bulletin on Tuesday in observance of the U.S. July 4 holiday.**
Soybean oil futures markets in Chicago stormed higher on Friday, with August-December 2023 contracts trading lock limit up after the USDA released its highly anticipated annual Acreage report. The agency showed the 2023 estimated U.S. soybean planting area at 83.5 million acres, down five percent on the year. The figure also came in well below USDA’s March projection of 87.7 million acres and the average market estimate of 87.5 million acres.
Adding to the already bullish sentiment, USDA, in its Quarterly Grain Stocks Report, also said U.S. soybean stocks were down 18 percent on the year to 796 million bushels at the end of the second quarter. Market analysts had called for an increase in soybean stocks during the period.
Membership is required to view the rest of this post.
…