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…
01.13.2025
Glycerin prices unchanged; buyers, sellers cautious about market trend
80% crude glycerin prices are being quoted in the $0.17-0.20 per pound range this week. Kosher crude glycerin prices were holding near $0.25 per pound, while refined glycerin...
01.13.2025
Animal fats and oils market quiet following 45Z news; cattle slaughter projected to decline in coming weeks
The US animal fats and oils markets began the week on a quieter note on Monday January 13, as
01.13.2025
Weekly hog slaughter forecast at 2.57 million into February
US animal protein prices were steady day on day on Monday January 13.
Chicago Board of Trade (CBOT) March soybean meal moved higher for Monday on a round...