Trading was mostly quiet to start the week, but there were indications that sellers are seeking higher prices. Gulf UCO values are higher today, driven by strong demand through O-N-D. Soybean oil prices did move higher again today with the October contract settling at 34.23.
Cattle slaughter finished last week at 574,000 head, down 9.7 percent from a year ago and down 9.3 percent relative to the year prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 645,000 head, down 2.4 percent from last year. Over the next six weeks, slaughter is forecast at…
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...