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,…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...