*Please Note – Ryan Standard will be out of the office until July 10, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
The market was mostly quiet on Monday, with many participants again adopting a wait-and-see attitude following recent volatility in soybean oil and palm oil futures. Distiller’s corn oil (DCO) traded at 62.50 cents delivered Manly, Iowa for July shipment. Gulf DCO was reportedly bid at 64 cents FOB. The Chicago tallow market was quiet and steady, with indications into the Gulf still seen at 57 cents delivered. Supply is reportedly tight and could get tighter in the coming weeks.
U.S. cattle slaughter finished last week at an estimated 649,000 head, up 2.37 percent on the week but down 2.35 percent on the year. In the next several weeks, cattle slaughter will be impacted by the July 4th holiday cutting into the production…
10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...