The Jacobsen Hide Index on Friday closed at $14.05 compared to $14.31 Friday the week prior. Big packer steer quotes included HNS from $23.50, BBS from $19.50 to $20, BS at $13, and CBS at $15.50 and HTS at $15 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 655,000 head, and if realized, will be 13,300 head less the same week last year when it was 668,300.
Cattle slaughter finished last week 658,000 head, down 2 percent from a year ago and up 3 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 640,000 head, up an average of 16 percent from the prior six weeks and down 1 percent compared…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...