**Please note – There will be no Vegetable Oil bulletin on Monday, January 1.**
U.S. soybean oil futures were higher on Wednesday following a session of thin, sideways trading. The January soybean oil contract closed above 48.00 cents per pound, up 33 basis points per pound, or 0.7 percent, at 48.24 cents per pound. March soybean oil ended at 48.66 cents per pound, up 15 basis points per pound. Light short covering by funds was sparked amid stronger world crude oil markets, which advanced in part from rising tensions in the Middle East.
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Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
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Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
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Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...