Cattle slaughter finished last week at 656,000 head, down 2 percent from a year ago and nearly flat with the week prior. This week, slaughter is projected out at 650,000 head, down 3 percent from last week. Over the next six weeks, slaughter is forecast at an average of 640,000 head, down an average of 0.2 percent from last year and up 9 percent compared to the prior six week average. The continued strong supply is going to keep negative price pressure on the market, but low prices should start to cure low prices by way of increased inclusion rates in July and an increase in export demand.
Figure 1.
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...