The Jacobsen Hide Index on Friday closed at $14.31 compared to $14.57 Friday the week prior. Big packer steer quotes included HNS from $23.50, BBS from $19.50 to $20.50, BS at $13, and CBS at $13 and HTS at $16 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 650,000 head, and if realized, will be 19,100 head less the same week last year when it was 669,100.
Cattle slaughter finished last week 636,000 head, down 3 percent from a year ago and up 2 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 636,000 head, up an average of 23 percent from the prior six weeks and down 2 percent compared to last year.
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...