The hide market began the week with limited trades happening over the weekend. Butt Branded Steers and Colorado Branded Steers adjusted down to last Wednesday’s trading levels. Demand for leather material intended for automotive and upholstery remains firm.
The Jacobsen slaughter forecast for this week is 665,000 head, and if realized, will be 194,900 head more than the same week last year when it was 470,100.
Cattle slaughter finished last week 640,000 head, up 32 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 656,700 head, up an average of 3 percent from the prior six weeks and up 32 percent compared to 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...