Cattle slaughter finished last week at 653,000 head, down 1.5 percent from a year ago and up 0.9 percent relative to the year prior. Slaughter is forecast out this week at 655,000 head before dropping to 575,000 head the week of the Thanksgiving holiday. Production over the next six weeks is forecast at an average of 610,000 head, down 5.5 percent from the prior six weeks and 1.5 percent from year ago levels. The lower slaughter numbers are expected to cut back on the ruminant MBM and blood meal supply in the market. Buyers and sellers are likely getting end of year books in place,…
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...