Four cars of packer BFT traded higher late yesterday. Trading outside of the BFT market was quiet with people wrapping up business for the week and wondering what news will break over the weekend to change dynamics to start next week. Corn futures moved lower today, down to $3.46 bushel, which at 400 percent givens feed fat a value of $0.2471. The prior three year average for Missouri River packer BFT is…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...