04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
The Jacobsen Hide Index (JHI) finished the week at $29.36 – down 3 percent from last Friday’s close. Butt branded steers and Colorado branded steers dropped $1 today on the light and regular weight selections. Hide buyers remain hesitant due to market uncertainty during accelerating global challenges. Shipping costs increasingly become more expensive, and delays continue to persist. Several sellers reported negotiations with buyers have disappeared, as buyers do not seem urgent to buy material.
The week’s estimated cattle slaughter was 644,000. The previous week’s harvest was 644,000 and the corresponding week last year it was 629,000. Year-to-date slaughter at 7,104,000 is consistent with 2021 levels.
04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
04.24.2024
Seasonal maintenance slows US DCO production
The distillers’ corn oil (DCO) market was quiet in terms of reported volume, but sources said that it was “moving under 40” in reference to the FOB values for...
04.24.2024
USDA’s APHIS issues federal order concerning HPAI in lactating dairy cattle
Fastmarkets assessed