Hog slaughter finished last week at an estimated 2.6 million head, down 2.15 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.65 million head this week and up to 2.75 million head on the week ending November 14th. The next six weeks are forecast an average of 6.5 percent over the prior six weeks and 0.1 pecent under last year’s slaughter. The increase in slaughter adds risk for lower prices to the choice white grease market….
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...