Hog slaughter finished last week at an estimated 2.658 million head, down 1.4 percent from last year and down 2.9 percent from the week prior. Production is forecast to trend lower into March, averaging 2.6 million head per week. Production is forecast down 0.9 percent from 2020 levels. The slower production adds some risk for higher prices to the market, but the main catalyst to higher prices through January has been the soybean meal market. Soybean meal prices moved lower last week and were marginally down today on the March contract. The negative tone in bean meal…
01.22.2025
Be8, Cemvita to study glycerin-to-SAF feasibility in Brazil
Brazilian biofuels producer Be8 and US-based biotech company Cemvita signed a memorandum of understanding to study the technical and economic feasibility of converting glycerin into sustainable aviation fuel (SAF),...
01.22.2025
CWG prices jump 17% from prior week on strong renewable demand
The choice white grease (CWG) market continued to trade higher on Wednesday January 22 with deals done as high as 42 cents per lb FOB Missouri River, but the...
01.22.2025
US weekly wheat, soybean export inspections decline; corn up 7%
Export inspections of US grains showed a decline for soybean and wheat, while corn increased in the week to January 16, according to data from the USDA released on...