Hide interest remains strong entering this week. The US continues high production while Australian, South American and European cattle slaughter is down. Drop credit for packers is reportedly strong, influencing further firmness in hide prices. Hide activity and prices are expected to continue their upward momentum.
The Jacobsen slaughter forecast for this week is 647,000 head, and if realized, will be 6,300 head more than the same week last year when it was 640,700.
Cattle slaughter finished last week 665,000 head, up 2 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 645,300 head, up an average of 2 percent from the prior six weeks and up 7 percent compared to last year.
Figure 1.
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...