Trading was mostly quiet today in the animal protein market. There was some late trading Friday in the feed grade poultry by market at lower prices out of the Mid-South.
Cattle slaughter finished last week at a robust 666,000 head, up 6 percent from a year ago and up 20.7 percent relative to the year prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 655,000 head, up 0.8 percent from last week. Over the next six weeks, slaughter is forecast at an average of 645,000 head, down an average of 2 percent from the prior six weeks. Time…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...