Please Note – Lexi Watts will be out of the office through Wednesday, June 9th. In her absence, please contact Ryan Standard at [email protected] with any questions, comments or trading.
The long holiday weekend put an expected cut into the cattle harvest numbers last week and the downtime at JBS further exacerbated the production cuts. Slaughter fell to an estimated 538,000 head last week, down 14.5 percent from the week prior. Production is expected to pick back up this week. Slaughter this week is forecast at 660,000 head and the weeks leading up to the July 4th break are estimated at an average of 657,500 head. Over the next six weeks slaughter is forecast out at an average of 643,300 head which…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...