04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Cattle slaughter concluded the week at an estimated 655,000 head, up 12,000 from the week prior. At the end of this week, year-to-date 2020 cattle slaughter is down 3.6 percent from 2019. Strong demand from the upholstery sector has outpaced the increase in supply and has helped to boost prices.
Today’s Trades
Packer Sales
CBS 62/64 @ $28.00 OR 0.3475
CBS 66/68 @ $29.00 OR 0.3375
CBS 70 MIN @ $29.50 OR 0.3275
Processor Sales
CBS 62/64 @ $19.00 OR 0.2350
CBS 66/68 @ $19.00 OR 0.2200
CBS 70 MIN @ $21.00 OR 0.2350
Actual Week-Ending Cattle Slaughter by Classification
This USDA data is published every Thursday by the USDA Agricultural Marketing Service (AMS) and reflects actual week-to-date cattle slaughter by classification for the week ending two weeks prior to document release day.
Industry-Related News
November 16 (Reuters) – Tyson Foods beats profit estimates, sees lower COVID-19 costs in 2021
Tyson Foods TSN.N beat Wall Street estimates for fourth-quarter profit on Monday, but faces rising costs for animal feed and uncertainty over labor as COVID-19 cases surge in the United States. The pandemic has hurt the nation’s highest-selling meat company as demand has declined from restaurants, hotels and cafeterias. Virus outbreaks among plant workers this spring forced slaughterhouses to close, limiting supplies in grocery stores as consumers scrambled to stock up. READ MORE