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.
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...