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…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
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Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
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Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.