Cattle hide production, offers and prices remain in a state of uncertainty for a number industry participants while JBS focuses on reopening plants and sorting out shipping issues. The cybersecurity attack on the meatpacker has disrupted normal business operations for buyers and sellers throughout the market with JBS representing over 20 percent of US beef production. Limited offers are out today and a big packer sale of Heavy Texas Steer was reported up $3 from last traded level. Branded Steers continue to be highly sought after, but prices remained steady today.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through May 20. Through Week 20, the total outstanding…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.