DDGS prices were lower across the board on Monday March 25. Market participants said demand has slowed down due to integrators having meal locked in at -35 to -30 basis, which is negatively impacting the DDG market. Additionally, market sources said shutdown season is approaching, and plants are tight on feed.
Most CME grain prices had an upward trend on Monday. The only grain with a decrease was May corn, which dropped $0.015 and closed at $4.37/bu. May wheat increased $0.0025 and settled at $5.55/bu. Additionally, May soybean meal jumped $2.60 and closed at $341.70/st, and May soybeans rose $0.1675 to $12.09/bu. Grain prices started the week on a positive note as market players prepare for Thursday’s USDA Prospective Plantings report, which has the potential to impact the market. Soybean prices faced double-digit gains following a round of technical buying, supported by the strength in vegetable oil futures.
…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...