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MarketNews Report
USDA Weekly Livestock,
Poultry & Grain Market
Highlights
Market updates
from The Plastics
Exchange
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Dairy Market
Summary
Cheese & Butter
Market Update
Amerifresh
Produce Weekly
Link
Market Report -
Eggs
Oil Market Watch
Flour Facts
Egg Market Week of December 4, 2017
TONE: Retail demand good. Supplies well balanced. Market steady.
The regional egg markets are as follows:
Northeast Midwest Southeast South Central
Lg 1.92 1.93 2.03 2.03
Md 1.34 1.32 1.34 1.36
Source: Esbenshade, Inc.
Source: USDA AMS Agricultural Analytics Division (www.ams.usda.gov/services/market-research/aad)
A weekly publication of the USDA AMS Livestock, Poultry, and Seed Program, Agricultural Analytics Division December 01, 2017
Wholesale shell egg prices have ceased to advance and are struggling to remain steady as downward pressure builds in the post-holiday trading period. Supplies are sufficient for needs while offerings are gradually increasing. Trading is no better than moderate. Prices for national trading of trucklot quantities of graded, loose, White Large shell eggs increased 5 percent for the week (from $1.549 to $1.627 per dozen) but had begun to decline at the week’s end. The Midwest wholesale price for Large, white, shell eggs delivered to retailers increased 11 percent (from $1.58 to $1.76 per dozen) and the California benchmark for Large shell eggs rose 8 percent (from $2.17 to $2.35 per dozen), both reflecting the strength in last week’s market. The wholesale price on the bellwether New York market for Large shell eggs delivered to retailers was unchanged at $1.88 per dozen. Demand for shell eggs peaks with the culmination of the Thanksgiving demand season. The Thanksgiving season is in the books and marketers are looking ahead to the Christmas baking season and anticipating continued good interest for shell eggs. The overall inventory of shell eggs rose 2 percent in the immediate post-Thanksgiving period. The national inventory of Large eggs decreased one percent while the inventory of Large eggs in the key Midwest production region was down 7.5 percent. The inventory share of Large eggs this week decreased to 51 percent of stocks. Breaking stock inventories gained back most of the 7 percent lost last week as the brief holiday break cut production. Total table egg production for the week increased one percent over the past week and the same week one year ago. Supermarket feature activity for conventional shell eggs increases into the new month and the average ad price declines 4 percent (from $1.19 to $1.14 per dozen). Featuring of specialty shell eggs increases as well and accounts for 77 percent of all shell egg ads this cycle. Offerings of UEP-defined cage-free eggs nearly doubles and accounts for 34 percent of all shell egg features. The average ad price for Large cage-free declines sharply, dropping 23 percent (from $2.70 to $2.08 per dozen) as numerous retailers run aggressive sales on these types. The spread between 12-packs of Large conventional shell eggs and their cage-free counterparts, at $0.94 per dozen this week, narrows significantly, closing 38 percent ($0.57 per dozen). During the recent four-week marketing period leading up to Thanksgiving 2017, the pace of supermarket featuring of caged shell eggs was down 56 percent from the same period in 2016. For the same period, the rate of featuring for UEP-defined cage-free shell eggs was down 16 percent. The average ad price to consumers during the same time period for caged shell eggs was up 16 percent over Thanksgiving 2016 while that for UEP-defined cage-free shell eggs was unchanged. The wholesale price for breaking stock in the Central State was unchanged at $0.99 per dozen with a steady undertone. Offerings are light, supplies are light to moderate, and schedules return to full-time. Trading is mostly moderate. The volume of eggs processed this past week dropped 10 percent with the holiday break and represented 27.5 percent of weekly table egg production as eggs were diverted to carton business ahead of the holiday last week. Production of whole egg and of whites was down 9 percent while production of yolks declined 16 percent.
Wholesale prices for frozen egg products are steady to lower. Prices for whole frozen eggs decreased 5 percent (from $1.10 to $1.05 per pound) while those for frozen whites were unchanged at $0.55 per pound. Demand is fairly good to good, offerings are light to moderate. Supplies are light to moderate. Trading is moderate to active. Wholesale prices for whole dried eggs were steady at $3.60 per pound while prices for dried yolks declined one percent (from $4.15 to $4.10 per pound). Prices for dried whites increased 2 percent ($3.15 t0 $3.20 per pound). Demand is fairly good to good for whole and albumen, moderate for yolks. Offerings are light to moderate. Supplies are light to moderate, market activity is active. The monthly inventory of total dried egg products for November decreased 11 percent from September and is 30 percent below November 2016. Stocks of whole dried eggs declined 15 percent from September while stocks of whites declined 13 percent. Yolk stocks were down 6 percent and stocks of blended eggs increased 20 percent. To date, cage-free commitments stand at 108 grocery chains/distributors, 58 restaurants, 18 foodservice providers, 11 hospitality and travel firms, 14 food manufacturers, 17 convenience/drug chains, and 4 dollar variety stores who, combined, will require 63 billion cage-free eggs per year to meet current and future needs. This will require a cage-free flock of over 227 million hens (72% of the U.S. non-organic flock), indicating a shortage of 190 million hens from the current cage-free flock. No new cage-free commitments of any scale have been reported for the past few months. While significant progress has been made to fulfilling commitments made by end users (restaurants, manufacturers, etc.), progress to fulfilling commitments by retailers has been much slower and is dependent on consumer demand. As a result, producers are better able to align their cage-free expansion plans with the pace of consumer demand, returning a more natural equilibrium to the marketplace.
Egg Markets Overview
Source: USDA AMS Agricultural Analytics Division (www.ams.usda.gov/services/market-research/aad)
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66.0
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Shell Eggs, Large, White, National Index (f.o.b. dock, cents per dozen) 2017 2016 2015
Source: USDA AMS Agricultural Analytics
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U.S. Table Egg Demand (Shell Egg Demand Index) 2017 2016 2015
Source: USDA AMS Agricultural Analytics
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Supermarket Shell Egg Featuring - LG W Shell Egg Ad Price vs. Feature Rate
Advertised prices to consumers by U.S. supermarkets for conventional shell eggs
Price 17 Price 16
Activity 17 Activity 16
Source: USDA AMS Agricultural Analytics
Weekly Market Highlights
• Hard red spring wheat futures and high protein spring wheat basis premiums have fallen since our last
communication two weeks ago.
• Hard red winter wheat futures and basis premiums are higher, reflecting strong demand for protein and quality
that is in short supply.
• Hard red winter wheat basis continues to trade at the highest levels since 2008. Protein is expensive, 13%
protein milling wheat commands an astounding $1.41 per bushel premium over 11% protein milling wheat.
• The U.S. winter wheat crop is in good condition but could use some rain. Area planted to this year’s crop is the
smallest in records back to 1919. Reduced acres equate to low or negative return on planting costs for growers
which could lead to even tighter and more expensive supplies in coming crop years.
• We expect prices to remain in a narrow range until wheat markets find a new compelling story to lead them to
trade higher.
Facts on Flour Got Flour?
When we talk “flour,” we are talking about wheat flour. Because wheat is the most commonly distributed cereal grain in the world, a reference to flour is generally a reference to wheat flour. And just as flour is not “just flour,” wheat is not “just wheat.” Wheat can be classified by three major
categories: growing season (winter, spring), kernel hardness (hard, soft) and bran color (red, white). These categories have a significant impact on the functionality of the finished flour. Over the next few weeks, we will be discussing each of these categories more in depth.
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Futures & Basis Markets
KC Future Spring 15% Basis
Mpls Future Winter 13% Basis
Flour pricing consists of a combination of Wheat futures prices and Basis Premium prices per bushel. Information contained on this chart closely resembles Gold Medal All Trumps, Mpls. Future + 15% Basis, and Harvest King, KC Future + 13% Basis. This chart does not reflect changes in millfeed values.
This Chart is meant to indicateMarket Direction Only.
NOVEMBER 30, 2017
Market Watch . . . . . . .
Market Watch
December 1, 2017
Market Watch . . . . . . .
• Feedstock data was supportive with the increase use of soy oil.
Soybean Oil
• The US soybean crop is essentially entirely complete.• Argentina is expected to experience heavier rains today
and into this weekend with forecasts turning drier after the weekend for the next two weeks. Planting progress is slightly over the halfway mark. The weather in Argentina is to be watched in the weeks to come.
• Brazilian weather is a non-factor as rainfall will fall consistently over the Northern part of the country.
• Argentinian bean planting is up this week to 42.5% complete but still dragging on last year’s pace of 46%.
Crop Updates
Expected Value Range $32.00 - $34.00 cash
Soybean Oil Market Pricing Trend
The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods.
* Value ranges represent good booking levels if the market dips into this range
Misc. Influences Impact
Key FactorsRecent Trend
• The EPA released its 2018 mandates yesterday and as expected, they were unchanged. The RVI biodiesel for 2018 and 2019 will be 2.1B gallons, 852M gallons of D5 RINs next year. The market reacted negatively to the news which was a bit confusing.
• The one downside of the report is that 2019 will experience no growth, resulting in a snug soy oil balance sheet at the end of the marketing year.
• In the EIA September numbers, soy oil used for feedstock was estimated at 604M lbs or 56.5% of the total volume.
• With NASS being released later today, the trade will look forward to the week of 12/11 for the December WASDE.
Flash Summary
BearishBullish Neutral
December 1, 2017
Value Ranges *
The EPA decided to leave 2018 mandates unchanged.
South American weather is to be watched.
The market awaits the December WASDE in the interim.
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Market Watch . . . . . . .
• Supply and demand is balanced.
Corn Oil
Expected Value Range $42.00 - $44.00 cash
Corn Oil Market Pricing Trend
The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods.
* Value ranges represent good booking levels if the market dips into this range
Misc. Influences Impact
Key FactorsRecent Trend
BearishBullish Neutral
December 1, 2017
• Corn harvest is pegged at 95% complete vs. 90% completed a year ago and 98% average.
• Some reports have corn yields better than expected.• Corn continues to go into storage as beans are the priority.• With a record amount of US soybeans to be planted in
2018, the outlook for corn prices will continue to be down for years to come.
• The USDA released long-term supply/demand projections earlier in the week and estimated corn acreage at 91M acres. This is larger than the 2017 90.4 estimate.
• Argentina corn planting was pegged at 38.2% complete vs. 35.8 the previous week.
• Ukraine corn harvest is at 90% complete with yields running 15% behind last year.
Crop Updates
• Ethanol production for the week ending 11/24 remained at the record levels at 1066kbd vs. 1074kbd last week. This is 5% higher output than last year.
• As a result of the 2018 EPA mandate announcement yesterday, the USDA is expected to write up demand on the December WASDE report.
• Weekly export inspections for the week ending 11/23 were down 42% vs. a 16% decline.
Flash Summary
Value Ranges *
Alternative oil supplies remain plentiful.
Corn export demand seems to be declining.
Talks have begun to potentially overhaul the US Renewable Fuel Standards.
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Market Watch . . . . . . .
• Margins are seeing little changes.
Canola/Rapeseed Oil
• Surveys suggest that Canadian farmers most likely harvested more canola in 2017 than initially expected.
• Private estimates have canola production at 19.5-20.5MT. StatsCan is at 19.7MT and USDA is at 19.9MT.
• The trade looks forward to the next StatsCan report Wednesday 12/6 which is expected to reflect the bigger than anticipated canola crop.
Crop Updates
Expected Value Range $38.00 - $40.00 cash
Canola Oil Market Pricing Trend
The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods.
* Value ranges represent good booking levels if the market dips into this range
Misc. Influences Impact
Key FactorsRecent Trend
BearishBullish Neutral
The weakness in the Canadian dollar has been supportive.
Production estimates continue to be consistent.
The StatsCan report will shed light on what we are expecting.
December 1, 2017
• Weakness in the Canadian dollar has made canola exports look more attractive on the world market.
• Demand continues to be solid, but the recent slip in price and the current could possibly keep China in the market for canola seed.
• The US vegoil market will continue to watch canola exports and product premiums as we have come to heavily rely on Canadian canola.
• For the week ending 11/22, COPA canola crush was pegged at 197,599TMT, a 11.9% increase over the previous week.
• Crush capacity this week was estimated at 89.1%, slightly ahead from a year ago at 87.4% and 84.1% YTD.
Flash Summary
Value Ranges *
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Market Watch . . . . . . .
• No substantial news has been able to affect the market.
Tropical Oils
• Heavy rains in the Malaysian peninsula are creating some issues with logistics and could, in turn, move some production to December as a result of severe flooding.
• Domestic palm production continues to increase as export demand has declined.
• The Indonesian palm crop has the potential to be at risk in the coming days and weeks as Mount Agung in Bali is rumbling and ready to erupt. The country is on the highest alert as residents are forced to evacuate.
Crop UpdatesPalm and Coconut Oil Market Pricing Trends
The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods.
Misc. Influences Impact
Key FactorsRecent Trend• The palm market will be closed today in celebration of the
Prophet Mohammed’s birthday.• November palm exports were released and were in line
with expectations at 1.3MT. This was lower by 5-7%.• Palm oil imports into the EU increased 2% from a year ago
at 2.47MT to 2.53MT.• The EU’s concern over sustainability has not promoted any
buying interest and continues to hurt export demand.• India has decided to increase import duties on palm oil
which has moved the palm market lower.• The palm market will look for support from the soy oil
market, but very little supportive news has been able to move the market.
Flash Summary
BearishBullish Neutral
December 1, 2017
Coconut production looks promising.
Palm output in Malaysia has peaked.
Palm oil looks for other demand opportunities.
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Palm Olein Coconut
Weekly Livestock, Poultry & Grain Market Highlights
Nat'l Purchased Carc Wtd Avg Price - Barrows & Gilts ($/cwt) 56.66 -2.9% 37.7%Pork Carcass Cutout FOB Plant ($/cwt) 81.86 1.0% 11.1%Segregated Early Weaned (SEW) Feeder Pigs ($/head) 51.73 9.9% 39.5%Iowa/So. Minn Avg Weight Barrows & Gilts (lbs) 284.5 0.0% 1.4%Est. Hog Slaughter 2,163,000 -12.1% 0.5%YTD Est. Hog Slaughter 108,259,000 N/A 2.5%Est. Pork Production (mil lbs) 458.5 -11.9% 1.0%YTD Est. Pork Production (mil lbs) 22,808.6 N/A 2.3%
Live Wtd Avg Steer Price, 5 Area FOB ($/cwt) 118.97 -0.3% 7.1%Dressed Wtd Avg Steer Price, 5 Area Del ($/cwt) 189.09 -0.1% 9.3%Boxed Beef Cutout, Choice ($/cwt) 208.70 -0.7% 12.0%Boxed Beef Cutout, Select ($/cwt) 188.30 -1.3% 10.9%Boxed Beef, Choice/Select Spread ($/cwt) 20.40 0.90 3.93By-Product Drop Value, Steer ($/cwt live) 10.53 1.1% -10.8%CME Feeder Cattle Index ($/cwt) 155.58 -1.3% 21.7%Texas Avg Live Weight Slaughter Cattle (lbs) 1,325.0 -0.4% -2.3%Texas Percent Slaughter Heifers 41% 20.6% 24.2%Est. Cattle Slaughter 572,000 -10.5% 4.2%YTD Est. Cattle Slaughter 28,676,000 N/A 5.4%Est. Beef Production (mil lbs) 473.7 -10.3% 2.2%YTD Est. Beef Production (mil lbs) 23,323.5 N/A -4.7%
Slaughter Lamb, Comprehensive, Carc. Wtd Avg Price ($/cwt) 273.30 -3.0% N/ALamb Carcass Cutout ($/cwt) 344.08 1.1% 6.4%Est. Sheep Slaughter 29,000 -27.5% -12.1%YTD Est. Sheep Slaughter 1,727,000 N/A -4.3%Est. Lamb Production (mil lbs) 1.9 -29.6% -13.6%YTD Est. Lamb Production (mil lbs) 117.5 N/A -5.3%Veal Carcass Wtd Avg Non-Packer Owned ($/cwt) 332.04 0.4% 6.1%Veal Carcass Wtd Avg Packer Owned ($/cwt) 328.28 -0.7% 7.1%
November 27, 2017
Current WeekChange From
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Past Year
Source: USDA AMS Livestock, Poultry & Grain Market News Portal
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Weekly Barrow & Gilt Price and Weekly Pork Cutout vs. 5 Year Average ($ per cwt)
Hog Price Pork Cutout 5 Year Avg Hog Price
Hogs and Pork
Cattle and Beef
Lamb and Veal
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Weekly Lamb Carcass Cutout vs 5 Year Average ($ per cwt)
2017 5-year
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Weekly Dressed Steer Price and Weekly Boxed Beef Choice Cutout vs. 5 Year Averages ($ per cwt)
Steer Price Boxed Beef Choice Cutout5 Year Avg Steer Price 5 Year Avg Choice Cutout
Weekly Livestock, Poultry & Grain Market Highlights
Central Illinois Avg Corn Price ($/bu) 3.1950 0.8% -4.6%Central Illinois Avg Soybean Price ($/bu) 9.5800 2.0% -4.7%Central Illinois 48% Soybean Meal, Rail ($/ton) 320.90 2.0% -1.2%Hard Red Winter Wheat Truck to Kansas City ($/bu) 3.7800 -1.7% 10.8%Dark Northern Spring Wheat, 14%, MN, Rail ($/bu) 7.6675 -3.2% 18.2%Soft White Wheat Portland ($/bu) 5.2638 0.3% 13.6%Sorghum, Kansas City, Truck ($/cwt) 5.7100 7.5% 9.8%
Nat'l Delivered Whole Body Price (cents/lb) 86.13 0.4% 5.5%Est. Young Chicken Slaughter - Current Week (000's) 128,127 -22.8% N/AActual Slaughter of Young Chickens (000's) 162,060 -1.2% 1.8%YTD Actual Slaughter of Young Chickens (000's) 7,452,552 N/A 1.3%Actual RTC Pounds of Young Chickens (000's) 763,627 -0.1% 1.2%YTD RTC Pounds of Young Chickens (000's) 34,770,098 N/A 1.3%
Nat'l FOB Frozen Whole Body Price (cents/lb) 87.30 -2.5% -18.0%Actual Slaughter of Turkeys (000's) 4,497 -14.5% 0.9%YTD Actual Slaughter of Turkeys (000's) 194,527 N/A -1.6%Actual RTC Pounds of Turkeys (000's) 112,108 -7.1% 3.4%YTD RTC Pounds of Turkeys (000's) 4,887,286 N/A 0.2%
Combined Regional Large Eggs (cents/dozen) 165.16 22.7% 221.1%National Shell Egg Inventory (30 doz. Cases/000,s) 1,136.80 2.1% N/AShell Egg Demand Indicator (SEDI) 18.20 6.28 16.80Central States Breaking Stock Av. Price (cents/dozen) 97.00 0.0% 438.9%National Breaking Stock Inventory (30 doz. Cases/000's) 285.9 6.6% N/AEggs Broken Under Federal Inspection (30 doz cases) 1,492,715 0.4% -5.6%YTD Eggs Broken Under Federal Inspection (30 doz cases) 68,193,998 N/A 1.0%
Source: USDA AMS Livestock, Poultry & Grain Market News Portal
November 27, 2017
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Weekly National Broiler Whole Body Delivered Price (Cents /lb)
2017 2016 5-year
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Weekly National Frozen Whole Body Hen Turkey FOB Price (cents/lb)
2017 2016 5-year
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Weekly Combined Regional Large Egg Price (Cents/Dozen)
2017 2016 5-year
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Market Update — November 24th, 2017
Dominick Russo and Fred Dial — Editors
Spot resin trading was slower during the Thanksgiving holiday shortened week. With just 3 days to transact, our completed volumes were light. The flow of offers was not necessarily heavy, but Polyethylene prices continued to erode, dropping another $.01-.02/lb of the hurricane premium. While the PE market is not sloppy with massive oversupply, bear-ish sentiment has been growing, and much of the buying was for resin to run over the long weekend, rather than procuring for use several weeks out. Processors in general continue to work down inventories and delay purchases awaiting lower prices. Resellers have been willing to deal on price as they seek to work down their uncommitted stocks. Rising crude prices have international resin buyers pinging the US market to gauge price and opportuni-ties.
The major energy markets moved sharply in opposite directions. The Oil markets contin-ued to climb, while Nat Gas prices went the other way. Jan WTI Crude Oil ended at its peak of the week, gaining $2.24/bbl to $58.95/bbl, another two-year high. Brent Oil was not as strong, only adding $1.14/bbl to $63.86/bbl. The Brent-WTI spread has narrowed to just $4.91/bbl. Natural gas began the week on its high and ended on its low, the large $.275/mmBtu loss, 8.6%, brought the Jan contract to $2.916/mmBtu.
The spot monomer markets were practically silent, keeping both Ethylene and Propylene flat for the week. Spot Ethylene remained at $.275/lb. Spot PGP trading activity mirrored that of Ethylene; markets were posted but no obvious transactions were seen. PGP main-tained $.4775/lb with offers hanging over at $.48/lb. Again, current spot levels would sug-gest a small Nov PGP increase of approximately $.02/lb. NGLs were essentially flat, eth-ane shed a quarter-cent to $.26/gal ($.11/lb). Propane edged fractionally higher to just above $1/gal ($.285/lb).
Spot Polyethylene trading was slow, but as expected given the two day Thanksgiving break. HDPE for film and blow mold slid another cent, while injection grade material lost $.02/lb as availability improves. LLDPE Butene shed a penny, but the higher alpha olefins, were firm amid snug spot supplies. LDPE for film also held flat, having already been hit hard. The overall PE market continues to move back down towards pre-Harvey levels and can potentially drift below as new production continues to come online. The export mar-kets have been slow due to Harvey related price and availability issues, but can quickly get back up to full speed when producers aggressively pursue it. In the mean-time, PE producers have some room to restock after a 3-month 700 million lb draw from their collective inventories.
The PP market was flat this week and few spot deals were completed. CoPP was more challenging to source than HoPP although demand was not stellar for either of them. PP is in a very different situation than PE as new production won’t be added for years to come. There are some streams of imported material starting to reach US shores, but the flow is much gentler than what was seen in 2016. Nov PP contracts will get a small bump up and we maintain an upward bias on Polypropylene prices. Michael Greenberg
312.202.0002
@ResinGuru
Disclaimer: The information and data in this report is gathered from exchange observations as well as interactions with producers, distributors, brokers and processors. These are considered reliable. The accuracy and completeness of this information is not guaranteed. Any decision to pur-chase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such a transaction. Our market updates are complied with integrity and we hope that you find them of value. Chart values reflect our asking prices of generic prime railcars delivered in USA.
bringing the market to you
Copyright © 2017 The Plastics Exchange, LLC | Patent Protected | All Rights Reserved.
Resin for Sale 12,237,260 lbs
Resin Total lbs Low High Bid Offer
PP Copo - Inj 2,347,288 0.600$ 0.720$ 0.650$ 0.690$
LDPE - Film 2,311,680 0.600$ 0.675$ 0.580$ 0.620$
HDPE - Inj 2,259,668 0.600$ 0.720$ 0.590$ 0.630$
PP Homo - Inj 1,509,564 0.610$ 0.690$ 0.620$ 0.660$
LLDPE - Film 1,473,840 0.600$ 0.690$ 0.570$ 0.610$
HDPE - Blow 1,146,828 0.590$ 0.680$ 0.570$ 0.610$
LDPE - Inj 529,104 0.630$ 0.680$ 0.610$ 0.650$
HMWPE - Film 440,920 0.625$ 0.625$ 0.580$ 0.620$
LLDPE - Inj 218,368 0.620$ 0.700$ 0.640$ 0.680$
TPE IndexSpot Range
HDPE Blow Molding
1 Year
PP Homopolymer
1 Year
12/01/2017
Dairy Market
BLOCK: Down .0375 @ $ 1.5625 1 SalesBARRELS: Up .0250 @ $ 1.5350 22 SalesBUTTER: Up .0025 @ $ 2.2150 2 SalesNFDM Grade A: Up .0050 @ $ .7200 3 Sales
Date Blocks Block Change Block Sales Barrels Barrel Change Barrel Sale Spread11/27/2017 1.5500 Down .0600 1 1.5900 Down .0850 13 -0.040011/28/2017 1.6100 Up .0600 2 1.5400 Down .0500 14 0.070011/29/2017 1.6000 Down .0100 7 1.5100 Down .0300 9 0.090011/30/2017 1.6000 Unchanged 11 1.5100 Unchanged 9 0.090012/01/2017 1.5625 Down .0375 1 1.5350 Up .0250 22 0.0275
Average Market: 1.5845 22 1.5370 67
Date Butter Butter Change Butter Sales Grd A Grd A Change Grd A Sales11/27/2017 2.2075 Down .0150 2 0.7200 Up .0075 211/28/2017 2.1850 Down .0225 5 0.7300 Up .0100 611/29/2017 2.2050 Up .0200 0 0.7050 Down .0250 411/30/2017 2.2125 Up .0075 6 0.7150 Up .0100 012/01/2017 2.2150 Up .0025 2 0.7200 Up .0050 3
Average Market: 2.2050 15 0.7180 15
--Year Ago--Date Blocks Barrels Butter NFDM Grade A
11/29/2016 1.7800 1.6550 2.1000 0.920011/30/2016 1.7600 1.6350 2.2300 0.957512/01/2016 1.7800 1.6200 2.1925 0.990012/02/2016 1.8100 1.6150 2.1850 1.0075