Steer prices are lower from yesterday’s levels, to close the week. The Chinese Lunar New Year holiday starts February 11th, but tanneries have already started to shut down. Today, there was a small volume of sales to China and Korea, but most future offers were reportedly at steady, or slightly lower, than current trading levels.
Week-Ending Slaughter
The week’s estimated cattle slaughter was 653,000. The previous week’s kill was 657,000 and the corresponding week last year it was 638,000. Year-to-date slaughter at 2.682 million is down 7.1% from 2018.
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12.20.2024
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US animal fats and oils end week softer across the board ahead of holiday slowdown
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December cattle on feed down on month, year
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The only significant price...