Technical tallow traded at 60 cents Chicago today even with Friday’s high. Blechable fancy tallow (BFT) trading was quiet along with the rest of the fat market. Sellers are mulling higher offers basis the red hot corn and soybean oil markets. May corn traded up to $6.80 today and at 400 percent of the price of $6.80, fat has a value of 48.5 cents per pound.
Hog slaughter finished last week at an estimated 2.47 million head, up 10.3 percent from a year ago levels and 0.8 percent from the week prior. Slaughter is forecast to trend lower over the next six weeks, projected at 2.47 million head this week and to 2.45 million head…
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...