The protein market was quiet to close out the month of November.
Cattle slaughter finished last week at a robust 564,000 head, up 1.6 percent from a year ago and down 13.9 percent relative to the year prior. This week, slaughter is projected to rebound, up to 670,000 head. Over the next six weeks, slaughter is forecast at an average of 592,000 head, down an average of 6.5 percent from the prior six week average and down 3.5 percent from last year. The tighter cattle slaughter and…
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...