There was down movement in the hide market today on packer steer hides, but Native Cows (NC) moved $2 higher again today. Resistance from overseas customers was stronger over the weekend on concerns for shipping before the holidays.
The Jacobsen slaughter forecast for this week is 660,000 head, and if realized, will be 8,400 head less than the same week last year when it was 668,400.
Cattle slaughter finished last week 665,000 head, down 0.2 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 580,800 head, down an average of 9.5 percent from the prior six weeks and down 3.5 percent compared to last year.
Figure 1.
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...