Ruminant MBM Production Forecast Lower

Ruminant MBM Production Forecast Lower

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…

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

05.17.2024

Animal fat average prices rise week on week

Animal fat average prices rise week on week

Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

Fastmarkets’ price...

05.17.2024

Animal protein prices steady to lower week on week

Animal protein prices steady to lower week on week

US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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