Cattle slaughter finished last week at 640,000 head, up 31 percent from a year ago and down 0.2 percent relative to the week prior. Slaughter is forecast to increase over the next six weeks at an average of 656,700 head per week. The next six weeks are projected at 3.3 percent over the prior six week average and 1.6 percent over the the 2018-2019 average for the same weeks. The increased supply could add down pressure to the ruminant markets, but the strong…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...