Trading was very quiet to start the week. Soybean oil and heating oil prices were sharply lower today after the OPEC+ nations reached an agreement to boost output starting in August. Both heating oil and soybean oil were just shy of 13 cents per gallon lower. Increased COVID cases are sparking some fear over long term demand.
For the week ending July 24th, 2021, cattle slaughter is forecast at 660,000 head, a 1 percent gain from last week and a 3.1 percent increase from the previous year. According to the USDA, actual cattle live weights for week ending July 3rd were 1347 pounds. This is 18 pounds under last year for the…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...