Uneventful WASDE Report Sinks Vegetable Oil Futures

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Uneventful WASDE Report Sinks Vegetable Oil Futures

In its December World Agricultural Supply and Demand Estimates (WASDE) released at noon on Friday, the USDA made no changes to its monthly U.S. soybean oil balance sheet projections. However, the agency did lower its forecast for the average U.S. soybean oil price by four cents to 57 cents per pound.

The USDA's projection for domestic soybean oil exports for 2023/24 was steady at 350 million pounds, and its forecast for biofuel demand for the year was flat at 12.8 billion pounds. The agency...

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Mexico’s Ban on GMO Corn Looms

Mexico’s Ban on GMO Corn Looms

Non-GMO corn markets are niche markets that rely on the national policy...

Affordable Housing Initiative to Feature Hemp Construction

Affordable Housing Initiative to Feature Hemp Construction

As communities grapple with a worsening housing crisis, one Northern California town...

2023 RIN Production Mixed

2023 RIN Production Mixed

With 10 months of Renewable Fuel Standard (RFS) production accounted for in 2023, RIN generation for the various “D”...

US Fat Exports Continue to Lag 2022 Levels

US Fat Exports Continue to Lag 2022 Levels

Trading was mostly quiet today but the reports that did come through were mostly at steady prices. The exception...

Ruminant Bloodmeal Moves Higher

Ruminant Bloodmeal Moves Higher

Limited trading was reported for Thursday with the exception of the bloodmeal market, leaving most values flat heading into...

Animal Fats – International 7.12.23

Animal Fats – International 7.12.23

Used Cooking Oil (UCO) delivered to Amsterdam, Rotterdam, Antwerp (ARA) traded at $820-850/mt CIF during the week, with some...

Grain Export Sales Fall Within Analyst Estimates

Grain Export Sales Fall Within Analyst Estimates

CME grain prices had an upwards trend on Thursday. March wheat increased by $0.0875, closing at $6.42/bu, and January...

U.S. Cattle Slaughter Overview

U.S. Cattle Slaughter Overview

Sources reported a lack of trading activity in the hide market today, with no new reports. Market participants continue...

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11.04.2024

US kosher crude glycerin prices edge higher on stronger demand

US kosher crude glycerin prices edge higher on stronger demand

Kosher crude glycerin prices in the US are currently underpinned by an integrated company in the agricultural supply chain and food processing sectors, several sources told Fastmarkets.

The...

11.04.2024

US animal fats markets quiet; cattle slaughter up slightly

US animal fats markets quiet; cattle slaughter up slightly

The US animal fats markets experienced a quiet start to the week on Monday November 4, with no changes observed throughout the day.

In other news, Fastmarkets’ research team forecasts...

11.04.2024

US meat meal production in September down year on year: USDA

US meat meal production in September down year on year: USDA

Trading was quiet in the US animal protein market on Monday November 4, with no price changes reported.

Hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.675...

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