Weekly Recap
August Soybean futures moved lower for the third straight week, dropping 23½ cents per bushel, while the Sep contract fell by 38½. The bean basis moved higher in Minneapolis and Iowa. The crush continues to run at a very high pace, but meeting the USDA forecast of 1.83 billion bushels crushed might be difficult. Soybean exports fell 42% from…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...