Trading was very quiet to start the week with the sole exception being a big jump in the Gulf used cooking oil market. Supplies are right, both due to the usual logisitical challenges that come with the winter season, but also due to slower restaurant business tied to the spread of COVID-19 cases.
For the week ending February 5th, 2022, hog slaughter is forecast at 2.550 million head, a 4.6 percent drop from 2021, a 4.6 percent decline from 2020, and a modest increase over the prior week. According to the USDA Actual Slaughter Under Federal Inspection for January 15th, average live weights are currently at 294 pounds, one pound below the respective period for 2021 and one pound higher since the start of December 2021. Over the next six weeks, hog slaughter is projected at an average of 2.504 million…
01.29.2025
DCO prices strengthen as output, ethanol production decline on week
Prices for US animal fats and oils held steady to higher on Wednesday January 29, with much of the day's trade concentrated in the distiller’s corn oil (DCO) markets.
01.29.2025
Automotive leather sector wary of potential US tariffs on Chinese goods
For most US hide sellers, the market remained quiet on Wednesday January 29, as Chinese tanners were away for their Lunar New Year holiday. But some activity persisted, particularly...
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...