US corn planting progress below average, 2023 levels

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US corn planting progress below average, 2023 levels

Chicago Mercantile Exchange (CME) grain prices mostly fell on Tuesday May 14. The July CME soymeal futures contract showed the only increase, rising by $6.80 per short ton to $373.30 per ton.

The July soybean futures contract decreased by 5 cents per bushel, settling at $12.14 per bu, and July wheat dropped by 14.50 cents per bu to close at $6.72 per bu.

Meanwhile, July corn fell by 5 cents per bu to $4.67 per bu.

After relatively strong quality ratings...

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Hide demand from buyers minimal; outstanding hide sales increase

Hide demand from buyers minimal; outstanding hide sales increase

Hide trading on Tuesday May 14 continued with the same quiet tone as the day prior, and sellers reported...

Soybean oil futures spiral lower with no Chinese UCO tariff hike

Soybean oil futures spiral lower with no Chinese UCO tariff hike

In Chicago, soybean oil futures spiraled lower on Tuesday May 14 amid reports the US will not impose higher...

Uncertified operations outnumber occurences of fraud

Uncertified operations outnumber occurences of fraud

Historically, many operations have farmed organically and advertised their products with an "organic" label, without being certified. For...

US glycerin prices mostly steady amid increasing biodiesel production

US glycerin prices mostly steady amid increasing biodiesel production

Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been...

Weekly cattle slaughter forecast to remain below 2023 levels into June

Weekly cattle slaughter forecast to remain below 2023 levels into June

US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18,...

Six-week hog slaughter forecast to be flat or up from 2023

Six-week hog slaughter forecast to be flat or up from 2023

US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May...

Central Illinois soybean prices hit 3-month high

Central Illinois soybean prices hit 3-month high

Chicago Mercantile Exchange (CME) grain prices rose on Monday May 13. The July wheat futures contract increased by 23.50...

Hide trading slow in May

Hide trading slow in May

May and June are historically the slowest months of the year for hide trading, which continues to be the...

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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