Beef production continues to fall with cattle slaughter declining to 465,000 head last week. Numbers are off 7 percent from the week prior and 28 percent compared to last year. There are reports of COVID cases at 17 of the top 23 packing plants. The slower run times at plants are expected to cut production over the next six weeks by 8 percent compared to last year’s levels. Slaughter is forecast at an average of 599,200 head per week over the next six weeks and at 500,000 head for this week. Despite the reductions,…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...