Grain and feed items for the week were highly unsettled with most values swinging lower. Last week’s anticipation of continued pressure on grain and feed prices proved accurate. The weekly averages of DDGS and corn gluten fell, with DDDGS weaker across the board. The largest decreases in weekly averages were Illinois and MN/Dakotas at 4.6 and 2.9 percent, respectively. This was largely attributed to the decrease in CBOT corn and lack of demand for feed related items.
Corn gluten meal experienced immense pressure throughout the week and even displayed signs of rapid price declines on several days. Due to most sitting on the sidelines, only a limited number of offers and bids were communicated. Corn gluten feed also…
09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...