Hog Slaughter Forecast 4 Percent Over 2019 Levels

Hog Slaughter Forecast 4 Percent Over 2019 Levels

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.

 

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03.01.2024

Cold, Winter Weather Impact January Soybean Crush

Cold, Winter Weather Impact January Soybean Crush

**Bob Lane was out of the office today and will return on Monday, March 4, 2024.**

U.S. soybean crushing volumes totaled 195 million bushels in January, the USDA reported on...

03.01.2024

Week Closes with Active Gulf Market

Week Closes with Active Gulf Market

Used cooking oil (UCO) traded as low as 39.5 cts/lb into the Gulf market with bids and offers heard in a wide range over the last 24 hours. Offers...

03.01.2024

Animal Proteins – Friday

Animal Proteins – Friday

The market was quiet today with no changes. 

Looking at the monthly averages in February, the markets were mixed in terms of price direction with intra-month volatility seen. 

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