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,…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...