With several participants traveling from or still in Nashville for the AFOA conference, light trade was reported for Thursday on the spot market. Most trades reported fell in between the previously set range with only a minimum adjustment on ruminant bloodmeal, TX. Panhandle.
Soybean meal prices have trended higher since October 12, after the USDA World Agricultural Supply and Demand Estimate (WASDE) was released at noon. There was a gain of 12.2 percent or $45.90/st from October 11 (day before WASDE release) to October 19. The gain has been contributed to diminished soybean crop yields for the upcoming harvest, bullish export demand, and historically tight U.S. stocks.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...