04.17.2024
What is Biodiesel?
Biodiesel is a renewable fuel produced thorough the transesterification process. Transesterification is a chemical progression that converts vegetable oil, or other fats, oils and greases, into biodiesel. ...
Market Activity & Analysis
The Jacobsen Hide Index on Friday closed at $14.51 compared to $14.33 Friday the week prior. Big packer steer quotes included Heavy Native Steers from $26, Butt Branded Steers from $23.50 to $25, Branded Steers at $14, and Colorado Branded Steers at $11.50 and Heavy Texas Steers at $16 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 645,000 head, and if realized, will be 12,000 head less than the same week last year when it was 657,000.
Cattle slaughter finished last week 640,000 head, down 2 percent from a year ago. Over the next six weeks, slaughter is forecast at an average of 643,200 head, down an average of 1.5 percent from the prior six weeks and down 0.6 percent compared to last year.
Figure 1.
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