Cattle Slaughter Forecasted Steady in Upcoming Weeks

Cattle Slaughter Forecasted Steady in Upcoming Weeks

Despite reports of resistance to higher offers, steer selections traded at higher prices today. Today, there were multiple packer reports at different price levels for Heavy Native Steer and Heavy Texas Steer selections. Italy’s tanneries are running at minimal capacity due to slower business tied to limited finished leather demand. Taiwan is increasing hide purchases in attempt to position themselves months in advance due to the risk in facing shipping delays. Leather prices are under discussion between brands and hide suppliers, but most brands are resistant to higher prices.

Cattle slaughter finished last week 647,000 head, up 1 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 639,800 head, up an average of 1 percent from the prior six weeks and up 11 percent compared to last year.

Figure 1.

weekly cattle slaughter


Cured and Wet Blue Export Sales by Selected Countries  —  Through March 11

2021 cured hide export sales

2021 wet blue export sales


Today’s Trades

Packer Sales

HNS 62/64 @ $48.00 OR 0.5950
HNS 62/64 @ $46.50 OR 0.5750
HNS 66/68 @ $48.00 OR 0.5600
HNS 66/68 @ $46.50 OR 0.5425
HNS 70 MIN @ $48.00 OR 0.5350
HTS 62/64 @ $35.00
HTS 70 MIN @ $38.00
HTS 62/64 @ $31.00

Processor Sales

HNS 62/64 @ $37.00 OR 0.4575
HNS 66/68 @ $37.00 OR 0.4300
HNS 70 MIN @ $38.50 OR 0.4300
HTS 62/64 @ $27.00
HTS 70 MIN @ $28.00

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...