Market Activity

Trading was quiet to start the week. Packer BFT remains offered and unsold at $0.2800 Chicago.

Cattle slaughter took a dip lower last week, with an estimated 635,000 head processed. Slaughter was down 2.3% compared to the week prior and up 2.8% compared to the same week in 2017. Kills are poised to ramp back up this week with 649,000 head forecast. Slaughter over the next five weeks is estimated at 654,000 head, up 3.4% from a year ago. Oleo chemical demand…