Poultry fat prices moved lower into the Eastern markets today as pressure from heavier supply in the AL/GA market has pressured prices in that region lower. Increased production has added to the negative price pressure as well. Broiler slaughter is forecast to increase over the next six weeks, eventually surprising 2019 levels after the July 4 break. Broiler slaughter is forecast at an average of 166 million head per week over the next six weeks, up 4 percent relative to the prior six week average and down 1 percent compared to…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...