Hog slaughter finished last week at an estimated 2.325 million head, down 2.5 percent from year ago levels and 3.4 percent from the week prior. The next six weeks are forecast at an average of 2.379 million head per week, down 10 percent from the prior six week average and up 1.6 percent compared to year ago levels. At present, the week per head capacity of downtime in the hog market is just shy of 30,000 head per week. The lower production numbers and…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...