01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
The US hide market reported steady volume for the weekend, but limited business with buyers in China and Korea. Korea has returned today from holiday, and China will not return until Thursday. Slaughter concluded the week at an estimated 665,000 head, which was higher than expected. Today, Heavy Native Steers have been reported down at $32 and Heavy Texas Steer were steady at $23.
Today’s Trades
Packer Sales
HNS 66/68 @ $32.00 OR 0.3725
Processor Sales
HNS 66/68 @ $24.00 OR 0.2800
HTS 64/66 @ $19.00
HTS 64/66 @ $23.00
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 650,000 head, and if realized, will be 1,700 head more than the same week last year when it was 648,300.
Cattle slaughter finished last week 665,000 head, up 3.2 percent from a year ago. Over the next six weeks, slaughter is forecast at an average of 640,800 head, up an average of 0.6 percent from the prior six weeks and down 1.7 percent compared to last year.
Figure 1.
Cured and Wet Blue Export Sales by Selected Countries  — Through September 24
