Cattle slaughter ended last week at an estimated 500,000 head, down 25 percent relative to year ago levels and up 10 percent compared to the week prior. Slaughter over the next six weeks is forecast at an average of 584,200 head, down 10 percent compared to year ago levels and up 17 percent compared to the prior six week average. The increased production in addition to high, relative prices to soybean meal adds risk for…
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...