Soybean Crush Report Shows Ongoing Slump in Soybean Meal Price

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Soybean Crush Report Shows Ongoing Slump in Soybean Meal Price

Alexandra Watts | 10.10.2023

Sources reported trades on corn gluten products today with prices remaining within the current range. However, market participants have observed a lack of activity in the market recently, with very few trades occurring at steady price levels.

CME grain prices continue to be mixed as Tuesday comes to an end. December wheat saw a decline of $0.1425, closing at $5.58/bu, and November soybeans recorded an increase of $0.0725, settling at $12.71/bu. In addition, December soymeal rose by $2.90 to $377.50/st. while December corn...

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Incoming Leather Orders Spur Hide Demand

Incoming Leather Orders Spur Hide Demand

Hide trading was minimal today following an active weekend. The one trade reported today was for heavy Texas Steers...

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Soy Oil Basis Shifts Lower on Demand Concerns

Soy Oil Basis Shifts Lower on Demand Concerns

Despite tight supply, basis levels on Gulf crude-degummed and central Illinois refined, bleached, and deoderized (RBD) soybean oil peeled a...

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Global Demand for Organic Feed Expanding

Global Demand for Organic Feed Expanding

Global demand for organic feed grains is growing reliably based on emerging...

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Dual Crop Headaches

Dual Crop Headaches

Dual crop hemp grown for bast fiber and grain presents challenges to...

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Crude Glycerin Price Edges Higher as Biodiesel Production Stalls

Crude Glycerin Price Edges Higher as Biodiesel Production Stalls

Crude glycerin prices are firming this week according to marketplace participants. The economic slowdown that has plagued China has...

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RIN Prices Pressure Fats Lower

RIN Prices Pressure Fats Lower

Three cars of choice white grease (CWG) traded down to 61 cts/lb Chicago today. Trading was also done lower...

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Cattle Slaughter Higher into November but Still Well Below 2022

Cattle Slaughter Higher into November but Still Well Below 2022

Limited trade was communicated for the start of the week with values reported falling in between the previously set...

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Weekly Grain Inspections: Soybeans Jump, Corn and Wheat Drop WOW

Weekly Grain Inspections: Soybeans Jump, Corn and Wheat Drop WOW

Most sources have reported trades in the DDGS market within current ranges except for Minnesota/Dakotas, which slightly decreased. Market...

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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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