Active Demand and Tight Offerings Pull Porcine BM Higher

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Active Demand and Tight Offerings Pull Porcine BM Higher

Alexandra Watts | 10.24.2023

The tone for today was mixed but was highly active with most participants trading in the animal proteins market. Values were unsettled and some items were trading in wider ranges due to market unease and higher soybean meal values.

The largest jump of the day was on porcine bloodmeal. While ruminant bloodmeal was flat, porcine moved higher on strong interest levels and diminished inventory. A high of $1200/st was reported out of the IA/M...

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Corn and Soybean Harvest Jump 14 Percent on Week

Corn and Soybean Harvest Jump 14 Percent on Week

There were multiple trades reported today for corn gluten products. Market participants observed an increase in activity...

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Expansion of UAW Strike Poses Further Risk to Hide Market

Expansion of UAW Strike Poses Further Risk to Hide Market

Regular weight Heavy Native Steers (HNS) traded $1 lower than the last reported levels and the lightweight category also...

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Cash, Futures Veg Oils Markets Weighed Down

Cash, Futures Veg Oils Markets Weighed Down

Spot market trading was sluggish on Tuesday due to weak margins and talk of a slowdown in U.S. renewable...

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2023 Weather Hastens Crop Maturity and Harvest

2023 Weather Hastens Crop Maturity and Harvest

For many producers in the Midwest, the harvest has progressed rapidly this...

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Industrial Hemp Act of 2023

Industrial Hemp Act of 2023

Industrial hemp stakeholders are eager to distance themselves from the floral/cannabinoid segments...

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Cattle Slaughter Forecast to Increase Ahead of Holiday Break

Cattle Slaughter Forecast to Increase Ahead of Holiday Break

Two cars of technical tallow traded at 63.5 cts/lb Chicago today. The BFT and max 20 ffa markets were...

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Cattle Slaughter Remains below 2022 into Thanksgiving

Cattle Slaughter Remains below 2022 into Thanksgiving

Light trade was reported at the start of the week on animal proteins, with most participants testing market values...

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Soybean Meal Prices Begin to Bounce Back

Soybean Meal Prices Begin to Bounce Back

Sources reported trades for DDGS; Minnesota/Dakotas, Channahon, IL, and Illinois all saw a slight increase in price ranges. Market...

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09.06.2024

Signs of US economic downturn send ULSD prices to 3-year low

Signs of US economic downturn send ULSD prices to 3-year low

Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...

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09.06.2024

US fat market slides on pressure from soybean oil, energy complex

US fat market slides on pressure from soybean oil, energy complex

Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...

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09.06.2024

Sluggish trade volume keeps weekly animal protein prices flat

Sluggish trade volume keeps weekly animal protein prices flat

US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.

Weekly wrap-up
Prices for US animal proteins were little...

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