**Please Note**Bob Lane will be out of the office until Monday, July 26th. In his absence, please contact Ryan Standard**
Weakness in the energy sector is partly behind the lower soybean oil and soybean prices today. Soybeans were down 23.25 cents per bushel or 1.6 percent from Friday’s close. A deal between the OPEC+ nations to increase oil output combined with an increase in COVID cases pushed the energy markets lower, which spilled into the broader commodity markets. The market is watching weather reports as August approaches. August weather is a big determinant in yields…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...