Corn and Soybean Estimates Drop in October WASDE

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Corn and Soybean Estimates Drop in October WASDE

Alexandra Watts | 10.12.2023

CME grain prices shifted significantly higher across the board on Thursday. December soymeal increased by $15.80 and closed at $392.90/st. November soybeans surged by $0.375 and settled at $12.90/bu. Additionally, December corn rose by $0.08, reaching $4.96/bu, and December wheat jumped by $0.155 to $5.71/bu. The October WASDE report from the USDA showed lower-than-expected yield and production estimates for corn and soybeans. As a result, a round of technical...

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Butt Branded Steers Traded at $33.50 Per Piece Today

Butt Branded Steers Traded at $33.50 Per Piece Today

Steer hide trading was done at higher price levels than yesterday, but in line with prices two weeks prior....

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Weak Trading Volumes in European Hide Market

Weak Trading Volumes in European Hide Market

Argentina

October 12

Argentine slaughter totaled 1.16 million head in September, 6% below the month prior...

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SBO Futures Recover after WASDE Report

SBO Futures Recover after WASDE Report

U.S. soybean oil futures rebounded on Thursday after moving lower early in the session on profit-taking before the USDA released...

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International Animal Proteins 12.10.2023

International Animal Proteins 12.10.2023

The international protein market was steady to softer this week with only modest range adjustments. Prices were slightly lower...

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Farm Bill Expiration Threatens Organic Funding

Farm Bill Expiration Threatens Organic Funding

With the 2018 Farm Bill expiring on September 30, there is concern...

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Fallout from The Green Rush Ongoing

Fallout from The Green Rush Ongoing

The hemp industry is still wading through a collective backlog of litigation...

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EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

The RFS renewable volume obligations (RVOs) issued by the EPA provide percentage standards that are applied to a forecast...

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Margin Compression Driving Lower Fat Prices

Margin Compression Driving Lower Fat Prices

There was trading done at sharply lower levels again today with UCO below 50 cts/lb on an FOB basis...

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09.19.2024

SAF roadmap, collaborations announced at Bali International Airshow

SAF roadmap, collaborations announced at Bali International Airshow

At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...

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09.19.2024

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say

The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.

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09.19.2024

Animal protein prices steady; August cattle, hog slaughter down

Animal protein prices steady; August cattle, hog slaughter down

US animal proteins were rangebound on Thursday September 19.

August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...

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