Cattle Slaughter Forecast Steady Through May

Cattle Slaughter Forecast Steady Through May

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…

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Runner market commentary
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US weekly net soybean meal exports, sales retreat again

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