DDG prices were lower in the Minnesota/Dakotas, Indiana, Iowa, Michigan, and Ohio markets, while other regions remained steady on Monday April 15. Market participants said demand is flat, and exports are slow to recover, leading to a minor price decrease in most regions. Additionally, given the ongoing struggles faced by other proteins, there are expectations that DDGS will also face similar difficulties.
CME grain futures had a negative trend to start the week on Monday April 15. May corn decreased $0.04, falling to $4.31/bu. May wheat fell $0.0425, dropping to $5.51/bu. May soybeans decreased $0.1575, settling at $11.58/bu. Additionally, May soymeal prices were down $5.90 to $338.50/st. Planting making headway in the US, along with the ongoing harvest progress in South America, and a strengthening US Dollar, all these factors created enough bearish sentiment that sparked another round of technical selling at the start of the week.
…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...