Packer BFT traded steady today at 41 cts/lb Chicago basis. Trading outside of the Chicago market was quiet/steady. Sources said that many are in a good position for March and there’s not an urgent need to sell at lower prices, nor pay higher prices.
Several are watching the futures market and wondering when the record short positions in soybean oil are going to be covered, futures prices were up today on strength from palm and the crude oil markets, which bolstered some sellers’ confidence.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...