A Steady Call with Light Activity to Start the Week

A Steady Call with Light Activity to Start the Week

A rangebound tone was noted for most items in the animal protein sector. With continued volatility in the futures market for soybeans, most participants held  a wait-and-see attitude for Monday. For the week ending July 24th, 2021, hog slaughter is anticipated to be 2.375 million head, with the possibility to be slightly lower, due to typical summer slaughter trends. A 2.375 million head slaughter would be 4.2 percent higher than last week, but a 7.8 percent drop from last year. According to the USDA, actual hog live weights for week ending July 3rd were 281 pounds.  This is three pounds under last year for the respective week and one…

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