05.16.2024
Animal fat prices steady on limited volume traded
Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.
On Thursday,...
Bean meal prices edged higher on Tuesday following a stronger than expected U.S. CPI release which showed that inflation had rebounded. Hedge fund traders have lined up on the short side, which could lead to a quick squeeze in prices. The technicals show that bean meal prices where oversold at the beginning of the week, and could foreshadow a correction.
U.S. CPI rebounded up 0.2% in…