RBD SBO Basis Firms Again; Palm Oil Futures Surge
Cash basis on refined (RBD) soybean oil in Illinois continued to firm on Monday, moving up to 13 cents...
Trading was minimal to start the week, but sellers did hear rumors of steers trading in decent volumes to China at discounted prices. Buyers reported limited leather demand which slowed business last week, but sellers and USDA exports note sales continue to occur at good volumes.
Packer offer lists will go out tonight.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 635,000 head this week, up 1.93 percent from last week but down 2.50 percent from last year. Cattle slaughte...
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