Soybean Oil Continues Rally, but Profit-Taking Pressures Palm Oil
Soybean oil futures continued to climb on Tuesday as a rally in crude oil prices contributed to profit-taking in short oil share positions. Prices were also supported by buying above the 20-day moving average. However, resistance at the 27-cent level limited the advance, with most contracts rising 1/2 percent or less (May contract +14 basis points per…
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...