Organic feed commodity prices remain steady. Fastmarkets projects that current buying practices – which feature thin inventories – will continue until there is some kind of catalyst. Merchandisers disclosed to Fastmarkets that the increased carry costs caused, in part, by high interest rates, can reach 20 cents per bushel monthly.
End users are happy to have others store their feed given the costs of storage. The US Federal Reserve met this week, leaving rates unchanged to realize their 2% inflation target, but indicated optimism about a September rate cut.
Another catalyst would be any perception of supply constraints in the market. End users would like to avoid the supply chain challenges of…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...