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…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...