The US hide market began the week with no hide price changes. There were some reports of business over the weekend, but at steady prices within last week’s ranges. Overall, packers are well sold with a number of December shipments on the books. Packers have reported increasing interest in Heavy Texas Steer (HTS) and Branded Steers (BS).
[HIDE-SALES]
The Jacobsen slaughter forecast for this week is 655,000 head, and if realized, will be 11,700 head less than the same week last year when it was 663,200.
Cattle slaughter finished last week 647,000 head, down 1.5 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 647,500 head, up an average of 0.03 percent from the prior six weeks and down 0.5 percent compared to last year.
Figure 1.
…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...