05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
Market Activity
Packer and renderer BFT were offered out steady at $0.2700 and 0.2750, respectively throughout the day before a packer offering was tendered this afternoon at $0.2650 Chicago. Five cars were offered out late this afternoon.
With the lower tallow prices it’s reasonable to expect choice white prices into/through the Chicago market to come off in the near term.
Cattle slaughter continued at a reduced rate last week, finishing out at an estimated 638,000…