Steep Drop on Soybean Crush Margins, Hit 6-Month Low
Based on the most recent reports, DDGS prices have dropped out of the Minnesota/Dakotas, Indiana, Iowa, and Ohio markets....
Animal proteins were called flat for the start of the week. Limited trade was indicated for Monday.
Although the growing season in Brazil kicked off in a dry manner, triggering worries over crop yield potentials, recent rain and cooler temperatures have helped to alleviate these crop worries.
For the week ending January 13, 2024, hog slaughter is forecasted at 2.575 million head, down 4.3 percent from 2023 b...