Hog slaughter finished last week at an estimated 2.442 million head, up one percent from a year ago levels. Slaughter is forecast to trend higher relative to the prior six weeks over the next six weeks. The harvest is projected at 2.45 million head this week and down to 2.35 million head on the week ending July 18th. While hog slaughter is expected to slow into July, production is forecast up 17 percent relative to the prior six week average and…
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...