Corn Gluten and DDGS Drop on Lackluster Interest

Author: The Jacobsen

Corn Gluten and DDGS Drop on Lackluster Interest

The Jacobsen | 05.18.2023

Market Update

High levels of unease have been witnessed on all of the animal feed items, as reformulations are not only witnessed on a nationwide level but globally. This has led to export cancellations, CBOT drops, and a more wait-and-see attitude.

Corn gluten meal was under extreme pressure this week and the day in general, with every published price dropping from last week or wider ranges due to unsettled tones. A hand-to-mouth tone was communicated on the interior. On the ocean side, hand to mouth can...

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Limited Changes Due to Unsettled CME and Market Unease

Limited Changes Due to Unsettled CME and Market Unease

Animal proteins were called flat for the day. Unease has continued to be persistent in most agricultural markets, leading...

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DCO Prices Start to Peel Lower with Collapse in SBO

DCO Prices Start to Peel Lower with Collapse in SBO

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Rapid Planting, Black Sea Extension Crush SBO Prices Further

Rapid Planting, Black Sea Extension Crush SBO Prices Further

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Wheat Midds Higher While CGM Pressure Persist; GCAU’s Forecasted Lower Out Front

Wheat Midds Higher While CGM Pressure Persist; GCAU’s Forecasted Lower Out Front

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Wheat midds were communicated as firmer for the near term on most published markets due to plant down...

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GCAU’s Forecasted Lower into 2023/24 Marketing Year on Cattle Reductions

GCAU’s Forecasted Lower into 2023/24 Marketing Year on Cattle Reductions

Values on porcine and ruminant items were mixed at mid-week due to ebbs and flows in interest levels as...

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Soybean Oil Futures Plunge Below 48 Cents Per Pound

Soybean Oil Futures Plunge Below 48 Cents Per Pound

Edible oil futures prices were lower on Tuesday. Palm oil markets fell overnight alongside weakness in rival vegetable oils...

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Quick Planting Paces Diminish CME Grains

Quick Planting Paces Diminish CME Grains

CME main grain pricing levels were down substantially on some main grain items due to decreases in Brazilian production...

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Steady Call For Tuesday; Proposition 12 Expected to Affect Pork Pricing Out-Front

Steady Call For Tuesday; Proposition 12 Expected to Affect Pork Pricing Out-Front

Values for Tuesday were mixed with most items remaining rangebound. Limited offering levels supported bloodmeal values. However, fluctuations continue...

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