“Well bought” and “well sold” were the most often used phrases today in a very quiet market. There was some activity out of the Mo. River with CWG trading done in a steady range. Edible tallow did trade up a penny, $0.3400 Chicago.
Sources on both sides of the buy/side line reported that March is well booked. The next position is April with neither buyers nor sellers giving up much on direction. Tallow remains tight, but there are reports of tallow…
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...