Cattle slaughter finished last week at an estimated 555,000 head, the highest weekly total since the week ending April 4th. Slaughter is projected lower this week, due to the Monday holiday but is forecast to cross back above the 600,000 head mark next week. Slaughter over the next six weeks (which includes the July 4 holiday week) is forecast at an average of 600,000 head, up 24 percent from the prior six week average.
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...