The Jacobsen Hide Index on Friday closed at $15.26 compared to $15.34 Friday the week prior. Big packer steer quotes included HNS from $25, BBS from $18 to $23, BS at $13, and CBS at $17 and HTS at $18 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 500,000 head, and if realized, will be 172,500 head less the same week last year when it was 672,500. Packer beef margins for the week were a record positive $579.16 per head versus a positive $343.61 the week before according to HedgersEdge.com.
Cattle slaughter finished last week 465,000 head, down 28 percent from a year ago and 7 percent relative to the year prior. Slaughter is forecast to rebound in May after the lower numbers in April. Over the next six weeks, slaughter…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...