Rise in Corn Export Inspections, Soybean and Wheat Drop

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Rise in Corn Export Inspections, Soybean and Wheat Drop

Alexandra Watts | 01.30.2024

Recent reports indicate a drop in the price of corn gluten meal and corn gluten feed. Market participants have voiced concerns about the current production disruptions, which are possibly driving the market down. Other sources agree prices could potentially decline even more.

CME grain prices shifted higher across the board on Tuesday. March soymeal increased by $8.70 and closed at $363.00/st. March soybeans increased by $0.245 and settled at $12.18/bu. Furthermore, March corn futures rose $0.075 to $4.47/bu, and March wheat jumped by...

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Steer Hide Prices Fluctuate

Steer Hide Prices Fluctuate

Today’s steer hide trading was at lower prices than the last reported trading levels as the material remains under...

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Cash Markets Maintain Bearish Tone

Cash Markets Maintain Bearish Tone

Spot trading for vegetable oils remained dull on Tuesday, with the bias still lower pretty much across the board....

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Organic Soybean Oil tracking Conventional

Organic Soybean Oil tracking Conventional

Following up on yesterday’s commentary, there has been only loose historical correlation...

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Weekly Hemp Recap

Weekly Hemp Recap

Last Week's Hemp Commentary

USDA Hemp Survey Launches

The USDA’s...

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Glycerin Prices Seen Holding Steady with Unchanged 2024 RVO for BBD

Glycerin Prices Seen Holding Steady with Unchanged 2024 RVO for BBD

The Jacobsen’s weekly survey of the glycerin market found little change from the week prior. One buyer noted...

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Hog Harvest Forecast to Slow into March

Hog Harvest Forecast to Slow into March

Hog slaughter hit a multi-week high last week, up to 2.689 million head. Producers have been running harder over...

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Cattle Slaughter Forecast below 2023 through February

Cattle Slaughter Forecast below 2023 through February

Limited trade was reported for the start of the week. The IPPE (International Production and Processing Expo) and AFIA...

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Soybean Crush Margins Drop to a 7-Month Low

Soybean Crush Margins Drop to a 7-Month Low

DDGs prices increased in the Minnesota/Dakotas market, while values in Channahon, IL, Indiana, and Ohio dropped. Market participants mentioned...

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12.26.2024

East Coast renewable diesel supplies likely to decline: EIA

East Coast renewable diesel supplies likely to decline: EIA

Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...

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12.26.2024

US animal fats and oils markets mostly stable, with movement only in CWG

US animal fats and oils markets mostly stable, with movement only in CWG

The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.

The only notable activity observed...

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12.26.2024

Avian flu spikes in poultry, cattle sector at end of 2024

Avian flu spikes in poultry, cattle sector at end of 2024

US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.

US avian flu update
Year-to-date US poultry headcounts affected by...

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