Cattle Slaughter Forecast on Downward Trend Into October

Cattle Slaughter Forecast on Downward Trend Into October

Trading was very quiet to start the week. There are reports that demand in the Gulf is going to start back up sooner than expectd, but Tropical Storm Nicholas may lay waste to those reports with heavy rains expected across Texas and Louisiana through the first half of the week. A fire at the JBS plant in Grand Island, NE is limiting trade as well. Sellers are waiting for a full assessment of damage before showing any firm offers to the market for tallow.

For the week ending September 18th, 2021, cattle slaughter is forecast at 655,000 head, a one percent decline from 2020, a 0.89 percent drop from 2019, but a 13.5 percent growth from the previous week due to the Labor Day holiday. The potential for figures below this is highly probable due to the fire at the JBS Grand Island, NE facility which has processing capacity of up to 6,000 head per day. Another plant was down Monday due to computer related issues. According to the USDA Actual Slaughter Under Federal…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.
  • Hidden

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

  • Must be between 10-26 characters. Including 1 number, 1 capital letter, 1 lower case letter, and 1 special character.
  • Hidden

*all fields required

More from the author

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Blog

07.16.2021

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend

Vegetable Oil Futures Prices Extend Higher Before Weekend    

Vegetable oil prices extended higher on Friday, with U.S. soybean oil futures up again on bean oil/meal spreading as well as...

06.23.2021

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Veg Oils Rise as Weather Woes Remain Focus for Soybean Oil

Vegetable oil prices were higher on Wednesday, with overnight gains in palm oil futures driven by bargain buying supporting...

06.04.2021

What’s Ahead in the FOG Markets?

What’s Ahead in the FOG Markets?

Rising Tide – What’s Ahead in the FOG Markets Ryan Standard, Fastmarkets / The Jacobsen The following video is a capture from The Jacobsen Fuels & Feedstocks Virtual Conference...

Latest Tweets

We're less than 16 days away from our Jacobsen Fuels & Feedstock conference. ... https://events.fastmarkets.com/event/f3df1451-f1c1-497d-8818-6be13ef527cc/websitePage:c527be9c-af69-48d1-a107-b3eab50abd0a?utm_campaign=oilseeds&utm_medium=social&utm_source=twitter #renewables #feedstocks #biofuels

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Load More...