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…
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...