The protein markets were quiet today, coming off of the holiday break. Most market participants were back in the office, but there was not much talk on market direction. Sellers seem to be pushing for higher prices following the soybean meal market’s surge over the last two weeks.
Hog slaughter is forecasted this week at 2.6 million head, down 3.5 percent from a year prior levels and up 20 percent compared with last week. Slaughter is forecast at an average of 2.53 million head per week over the…
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...