Twelve cars of packer BFT traded up sharply today. Tight nearby availability tied to production issues and higher ffa levels limiting supply of max 4 BFT is meeting some short positions, driving prices sharply higher over the last couple of weeks. Renderer BFT was bid higher today as well for up to ten cars with sellers not willing to sell as of press time.
Hog slaughter finished last week at an estimated 2.5 million head, up 8 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.6 million head this week and to 2.7 million head on the week ending September 19th. Production over the next six weeks is forecast at an average of 2.59 million head, up 4 percent compared to llast year and 5 percent higher than the prior six week average.
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...