Cattle slaughter finished last week at 638,000 head, down 3.17 percent from a year ago and down 0.78 percent relative to the year prior. Cattle slaughter is forecast lower over the next six weeks at an average of 643,300 head, down 0.8 percent from 2019 levels and 0.7 percent from the prior six weeks. The Thanksgiving holiday week represents a big drop, falling to a projected 575,000 head. The reduced production and continued favorable pricing relative to…
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...