Trading was quiet to start the week with no activity reported.
Cattle slaughter finished last week at 654,000 head, relatively sideways with 2019 and prior week levels. This week, slaughter is projected out at 650,000 head, up 13.8 percent from last year, which was shortened with the Labor Day holiday. Over the next six weeks, slaughter is forecast at an average of 629,000 head, down an average of 2.3 percent from the prior six weeks and down 1 percent relative to year ago levels.
Figure 1.
The EIA released biodiesel production numbers for June today, showing an increase of 13 million gallons relative to May and an increase of 8 million gallons relative to June of 2019. Feedstock usage in June was heavily reliant on soybean oil, but less so than in May. Biodiesel producers used an estimated 747 million pounds…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...