Slower Production Adds Risk for Higher Prices

Slower Production Adds Risk for Higher Prices

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…

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05.16.2024

Animal fat prices steady on limited volume traded

Animal fat prices steady on limited volume traded

Fastmarkets price assessment for edible tallow, fob Chicago was $52.00 cents per lb on 14 railcars, steady from $52.00 cent per lb on Wednesday May 15.

On Thursday,...

05.16.2024

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Grain consuming animal units forecast lower for 2023/24, 2024/’25

Animal protein prices were steady on Thursday May 16.

Market sources reported an uptick in interest, but the upcoming Memorial Day holiday, lower prices for distiller dried grains...

05.16.2024

International animal fats and oils, May 16 2024

International animal fats and oils, May 16 2024

Market sources also reported that UCO traded at €1,065 per tonne on a DDP France basis, while deals for imported UCO were heard at $975 per tonne CIF Rotterdam,...

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