Weekly soybean export sales for the 2020/21 marketing year of 334 thousand metric tons (TMT) were 235.2 TMT over last week’s total but 33 percent below the four-week average of 495 TMT. There were 199.4 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 533.4 TMT. Combined crop year sales were 214 percent over last week’s total but within analyst estimates that ranged from 200 to 700 TMT. 2020/21 export commitments are 98 percent of the revised USDA forecast. Export sales are 77 percent above the 2019/20 crop year pace. Major purchases were reported for Japan, Germany, and the Netherlands.
Soybean meal sales for the 2020/21 marketing year of 187.4 TMT were 27.2 TMT above last week but 28 percent below the prior four-week average of 262 TMT. No sales were recorded for the 2021/22 crop season, leaving total…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...