Grains prices recovered ground lost the week prior.  Low stocks for corn and beans will continue to ensure volatility remains high as South America works through harvest and weather concerns.  Export demand remains strong, especially out of China.  The US Ag Dept confirmed additional corn sales to Mexico and Japan.  Soybean meal continues to attract strong export demand.  Analysts expect the USDA to report US processors crushed about 193.9 million bushels of soybeans in December, which would be in line with NOPA’s reporting of 183.2 million bushels.  NOPA members comprise close to 95 percent of the market.
Co-product prices pushed higher to begin the week.  DDGS values continue to rise as reduced ethanol demand keeps supply lower than normal while demand remains quite strong.  Wheat Midd values are also pressing higher in Minneapolis, but stable in KC and Buffalo.
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...