Extreme Weather Continues to Limit Trading

Extreme Weather Continues to Limit Trading

Trading was again quiet today with no changes reported as buyers and sellers continue to monitor the extreme weather across much of the southern US. Buyers and sellers are likely to ride out the week at steady prices and return next week after getting a better idea on the damage from the weather and in turn, their positions. Production disruptions have tightened livestock slaughter numbers on hogs, cattle and poultry and material will be tight coming out of the rendering facilities this week. Both March and May soybean meal contracts finished above $431 today, which is supportive of higher prices in the near term. Porcine MBM FOB Missouri River is averaging 90 percent of the price of nearby…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.02.2024

UCO, heating oil spread widens

UCO, heating oil spread widens

Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...

05.02.2024

US animal protein prices flat to lower amid light trading

US animal protein prices flat to lower amid light trading

US animal protein prices were steady to lower on Thursday May 2 amid reportedly limited trading, with multiple market participants traveling to the Petfood Forum in Kansas City, Missouri,...

05.02.2024

International animal fats and oils, May 2 2024

International animal fats and oils, May 2 2024

Trade was slow in Europe in the week to Thursday May 2, with animal fats prices showing no change, while the vegetable oil and used cooking oil (UCO) sectors...

Latest Tweets