Cattle Slaughter Forecast Into March

Cattle Slaughter Forecast Into March

Trading was very quiet to start the week. Snow and extreme cold across much of the Midwest is hampering logistics to start the week. Cattle slaughter finished last week at an estimated 653,000 head, up 3.4 percent from year prior levels. Slaughter is forecast to trend lower through February and into March. The next six weeks are forecast at an average of 638,300 head down 25,100 head per week compared to the last five weeks, which excludes the six week prior New Year holiday break. Live weights are forecast to fall as well which can…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.15.2024

Soybean oil stocks climb as soybean crush reaches record high

Soybean oil stocks climb as soybean crush reaches record high

The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...

04.15.2024

Soybean oil market adds negative pressure to DCO market

Soybean oil market adds negative pressure to DCO market

Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day. 

The lower...

04.15.2024

Hog slaughter forecast lower into May

Hog slaughter forecast lower into May

Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.

For the week ending April 20, 2024, hog...

Latest Tweets