Following the long holiday weekend in the US, sellers put together offer lists today which will be released tonight and tomorrow. Most sellers do not have many steer selections available to offer, as many reported they are sold 6.5 weeks forward on the most popular selections. Sellers do have good volume of cowhides and heifers available.
Cowhide demand continues to be moderate, and buyers continue to resist price increases in most cases. Heifer production is strong along with demand for hides from the footwear industry.
Chinese and Taiwanese tanners will be closed for the Dragon Boat festival this Thursday and Friday so trading this week is expected to be slow.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 645,000 head this week, up 1.74% from last week and down 2.95% from last year. Cattle slaughter finished last week at an estimated 634,000 head, up 2.92% from the week prior and…
11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...