Market Activity

Trading was very quiet to start the week.

Cattle slaughter finished last week at an estimated 640,000 head up, 12% from the week prior and down 0.5% from one year ago. Kills are projected to accelerate into the Christmas break with 651,500 forecast for this week and 645,000 forecast for the week following. The heavier kills will keep the market well supplied with fat in the short term, but demand has been more than enough to…