Trading was mostly quiet today with no changes reported. There was trading for packer BFT done outside of the Chicago rail corridor at a value that would equate to 59.75 Chicago. Market participants were more bullish on their outlook today with soybean oil prices up again and strong demand seen from multiple sectors.
Hog slaughter finished last week at an estimated 2.408 million head, up 1.7 percent from the week prior and up 0.2 percent from year prior levels. Over the next six weeks The Jacobsen is forecasting hog slaughter to average 2.325 million head per week, down 3.7 percent from the…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...