Hog Slaughter Forecast Higher

Hog Slaughter Forecast Higher

Five cars of packer bleachable fancy tallow (BFT-P) and five cars of renderer bleachable fancy tallow (BFT-R) traded into/through the Chicago market today. The renderer trade was higher than Friday’s big with tight, in-spec, supplies contributing to the jump in price. Trading outside of the BFT markets was quiet today. 

Hog slaughter finished last week at an estimated 2.58 million head, up 9.5 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.55 million head this week and to 2.63 million head on the week ending September 5th. Over the next six weeks, slaughter is…

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