Six cars of packer BFT traded at $0.3075 Chicago on what was otherwise a very quiet day. The estimated cattle kill for the week was a meager 524,000 head with the Friday/Saturday estimate coming in at 99,000. Despite the tight cattle kills, bean oil has put some pressure on the tech market with $0.3150 Chicago offered today and unsold as of press time. Despite the lower bean oil prices, edible tallow jumped two cents and…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...