Cattle slaughter has was up again last week, finishing at an estimated 499,000 head. Slaughter this week is forecast at 550,000 head, up 3.6 percent from last week and down 15 percent relative to a year ago. Slaughter is forecast to continue an upswing through May and June as producers try to catch up with strong, summer beef demand. President Trump’s executive order combine with safety procedures at plants has allowed production to resume at more plants. The increased production combined with cheaper palm, soybean oil…
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...