Limited price adjustments on grain and feed items were reported this week with most participants trading steady or sitting on the sidelines. Conditions in growing regions have become of high concern with some regions showing increased drought in recent weeks. This has led to crop maturation on corn ahead of usual schedules, affecting quality, as well as heightened market unease about 2023 yields.
Based on the most recent information from Drought Monitor, the Southern US as well as the Corn Belt regions have higher levels of drought. From June 27 levels have increased in both of these regions due to high heat and lighter than average precipitation (Fig. 1)
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11.08.2024
CA LCFS credit bank hits record high as biobased diesel consumption rises
California’s Low Carbon Fuel Standard (LCFS) credit bank reached an all-time high of 29.19 million at the end of the second quarter 2024, according to data released by California’s...
11.08.2024
Animal fat prices fail to track global vegoil prices higher
The US animal fats and oils markets concluded the week stable to lower on Friday November 8, with a few exceptions noted in the Gulf market. The week was...
11.08.2024
Ruminant meat and bonemeal prices in Missouri River market rise week on week
US animal protein prices were flat on Friday November 8, with sources reporting no changes.
In the week to Friday, animal protein prices were relatively steady. Sources reported...