Market Activity

The market was mostly quiet today, but feathermeal did traded as high as $515 FOB Minnesota.

Hog slaughter bounced back after the holiday week with an estimated 2.531 million head processed last week. Slaughter was up 12% from the week prior and nearly even with one year ago. Slaughter is forecast to pick up over the next two weeks with 2.594 projected for this week and 2.632 for the week following. The strong kills look to keep the market well supplied with…