The US hide market began the holiday week with the winter storms scattered throughout the country. The storms have forced a few closures and trucking delays for meatpacking plants in the Mid-West and South. Business in Asia is fairly quiet due to the holiday with the exception for a few sales for automotive upholstery leather tanners.
Cattle slaughter finished last week at 608,000 head, down 6.9 percent from the week prior. Weather last week slowed production and it’s forecasted to impact production this week as well. The cattle harvest is projected out at 630,000 head this week and at an average of 640,000 head over the next six weeks. The 640,000 head is down 1 percent from the prior six weeks and 1.3 percent compared to the same time period last year.
Figure 1.
…
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...