Lower soybean oil market helps to push Gulf values lower

Lower soybean oil market helps to push Gulf values lower

Prices moved lower into the US Gulf market on what was otherwise a quiet trading day. 

Hog slaughter finished last week at an estimated 2.421 million head, up 2.2% from last year and up 0.7% from the week prior. Slaughter is forecast by The Jacobsen at 2.450 million head this week, up 1.2% from last week’s average.

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