Trading was very quiet to start the week with most buyers and sellers sitting the market out today on lower energy and soybean oil futures prices. Sources did indicate lower bids for distiller’s corn oil on the weaker bean oil and diesel/heating oil prices.
For the week ending March 19th, 2022, hog slaughter is forecast at 2.475 million head, a 4.2 percent drop from 2021, a 7.6 percent decline from 2020, but a 2.3 percent rise from the prior week. According to the USDA Actual Slaughter Under Federal Inspection for February 26th, average live weights are currently at 292 pounds, one pound over the respective period for 2021 and in-line with hog weights since the start of January. Over the next six weeks, hog slaughter is forecast to average 2.40 million head per week, 0.5 percent under than the prior six-week average. This hog…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...