Hide prices remain unchanged today after the holiday break. Buyers are still showing interest in the automotive and furniture leather businesses, while footwear is slowly increasing. The week is expected to be very quiet with the New Year holiday at the end of the week.
The Jacobsen slaughter forecast for this week is 500,000 head, and if realized, will be 49,800 head less than the same week last year when it was 549,800.
Cattle slaughter finished last week 419,000 head, down 12 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 605,000 head, up an average of 11.3 percent from the prior six weeks and down 2.9 percent compared to last year.
Figure 1.
…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...