A light test of the day was reports with most participants waiting for the WASDE and other Friday reports and the upcoming full week. Pressure was witnessed on several markets this week, with the continued port backups and closures in the Gulf as well as persistent trucking hurdles. Porcine meat and bonemeal and bloodmeal witnessed the largest week-on-week declines with an 8.9 and 7.9 percent drop in weekly averages, respectively. Ruminant meat and bonemeal and feathermeal saw declines as well, with average weekly decreases of 3.3 and 32 percent, individually.
Meat and bonemeal and feathermeal have witnessed a decrease in export movement, leading to heightened offerings on the domestic front. Also compounding the trucking, labor, and shipping hurdles are the declines in soybean meal.
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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...