The new year is off to a quiet start, with no trading reported today. Cattle slaughter finished last week at an estimated 515,000 head, down 6 percent from the year prior levels and up 23 percent from the week prior. Slaughter is forecast at 625,000 head this week and is expected to increase to 640,000 the week of January 23rd before falling to 595,000 head on the week ending February 13th. The harvest is forecast down 2.2 percent from a year prior levels over the next six weeks, with our projections out at an average of 620,800 head versus…
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...