Trading was quiet coming off of the long, holiday weekend. A number of buyers and sellers had already lined up business for this week ahead of the break. Sellers were out with higher offers on the expectation of tighter supply in the market. JBS is the victim of the most recent cyber-attack on critical US supply points. Sources indicated no clear timeline for resuming operations, but were hopeful that production could resume tomorrow. JBS represents over 20 percent of US cattle slaughtering operations and just under 20 percent of hog production.
Hog slaughter finished last week at an estimated 2.38 million head, up 20 percent from a year ago levels and down 0.6 percent from the week…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...