The market was very quiet today in terms of trading with snow and cold temps locking up much of the trade. Winter storms through much of the south has shut plants down, stressed the power grid and frozen trucks and railcars in place. Another round of snow is expected to keep the gridlock in place through at least tomorrow, with more snow expected today and overnight in parts of the US that don’t have fleets of snowplows and stockpiles of salt on the ready.
Hog slaughter was estimated at 2.65 million head last week, down slightly from the week prior and up 2.5 percent from last year. Production is forecast to drop to 2.55 million head…
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...