Hog Slaughter Forecasted for Seasonal Decline
Protein prices were steady this afternoon with the markets unchanged. Demand remains strong from the feed and pet food sectors.
Hog slaughter finished last week at an estimated 2.79 million head. If the 2.79 million head are realized as actual, it will be the third highest weekly production number on record. The weeks ending Dec 7 and Dec 21 of 2019 were the highest, with production over 2.8 million head. The Jacobsen…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...