The combination of cooler than normal weather and better crop conditions weighed on bean meal prices on Tuesday. Hegde fund traders reduced long position in futures and options and slightly added which kept the bean meal market in equilibrium. Meanwhile hedge funds continued to reduce short position in soy beans, and now open interest in long positions is nearly double that of short position setting the complex up for…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...