Hog slaughter finished last week at an estimated 1.74 million head, down 15 percent from a year ago levels. The slaughter is forecast to trend lower over the next six weeks, projected at 2.12 million head this week and to 2.53 million head on the week ending February 6th. The next six weeks are forecast at an average of 2.47 million head per week, down 4.9 percent compared to year prior levels and down 2.2 percent compared to the prior six week average. The lower production figures should mix with the higher…
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...