Six cars of edible tallow traded higher today. Outside of the edible market, trading was very quiet to start the week.
Cattle slaughter finished last week at a robust 665,000 head, up 41 percent from a year ago and up 3.9 percent relative to the year prior. This week, slaughter is projected out at 649,000 head, down 2.4 percent from last week. Over the next six weeks, slaughter is forecast at an average of 643,200 head, up 0.7 percent from the prior six weeks. With relatively steady supply demand is expected to be the dominant driver in the near term market. For the first half of…
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...