Limited price adjustments on grain and feed items were reported this week with most participants trading steady or sitting on the sidelines. Conditions in growing regions have become of high concern with some regions showing increased drought in recent weeks. This has led to crop maturation on corn ahead of usual schedules, affecting quality, as well as heightened market unease about 2023 yields.
Based on the most recent information from Drought Monitor, the Southern US as well as the Corn Belt regions have higher levels of drought. From June 27 levels have increased in both of these regions due to high heat and lighter than average precipitation (Fig. 1)
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...