Trading was quiet to start the week. Hog slaughter finished last week at 2.675 million head, up slightly from last year and the prior week. Slaughter is forecast lower over the next six weeks, falling to an average of 2.596 million head, down 2 percent from 2020 levels. All eyes are going to be on the board following the USDA’s WASDE report release tomorrow and today’s trading might be an indication of pre-report expectations for a tighter balance sheet. The tighter harvest numbers combined…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...