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Blog

Soybean Meal Prices Begin to Bounce Back

Alexandra Watts | 10.23.2023

Sources reported trades for DDGS; Minnesota/Dakotas, Channahon, IL, and Illinois all saw a slight increase in price ranges. Market participants pointed out that the rally in soybean meal last week and the positive performance of corn futures contributed to the support of DDGS prices.

Most CME grain prices witnessed a downward trend on Monday. The only grain that experienced an increase was December wheat, which jumped by $0.0125 and closed at $5.87/bu. November soybeans decreased by $0.155 and settled at $12.86/bu. Additionally, December...

Cattle Slaughter Forecast to Track Below 2022

Hide sellers reported minimal trading activity over the weekend while leather makers continue to indicate there is little leather...

Soybean Oil Cash Basis Declines in Illinois, Gulf

At the cash market, indications for soybean oil were lower at the Gulf Coast and central Illinois. Gulf crude-degummed...

Stabilizing Food Prices Drive Organic Spending

While food prices are not moving lower, the acceleration...

Weekly Hemp Recap

Last Week’s Hemp Commentary

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Louis Dreyfus Announces New Crush Facility in Ohio

Louis Dreyfus Company (LDC) announced today that it will be constructing a soybean processing plant in Upper Sandusky, Ohio....

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Slide Continues in Waste Oils, Fats & Greases

Four cars of packer BFT traded down a penny to 56 cts/lb Chicago. Edible tallow traded lower as well,...

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Pet Grade PBM Moves Lower on Heavier Nearby Supply

Feathermeal moved higher today in the Mid-South on confirmations of trading at $625/st. Higher have been indicated, though trade...

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Sausage Casings Bulletin October 20th, 2023

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