Trading was quiet coming off of the long holiday weekend. Indications for the week are higher, but again, trading was quiet today.
Cattle slaughter finished last week at a robust 633,000 head, up 11 percent from a year ago and down 3 percent relative to the year prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 575,000 head, down 9.6 percent from the week prior and last year. Over the next six weeks, slaughter is forecast at an average of 625,000 head,…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...