The Jacobsen Hide Index on Friday closed at $14.57 compared to $14.81 Friday the week prior. Big packer steer quotes included HNS from $25, BBS from $18 to $20, BS at $13, and CBS at $13 and HTS at $18 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 625,000 head, and if realized, will be 68,100 head less the same week last year when it was 664,600.
Cattle slaughter finished last week 524,000 head, down 11 percent from a year ago and down 6 percent relative to the week prior. Slaughter is forecast to rebound this month after the lower numbers in April and May. Over the next six weeks, slaughter is forecast at an average of 622,500 head, up an average of 28 percent from the prior six weeks and down 4 percent compared…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...