The market was very quiet today with the only changes reported coming from the Manly, IA DCO market.
Cattle slaughter finished last week at an estimated 632,000 head, which pushes the year-to-date total to 23,002,000 head. Year-on-year harvest is 4.3 percent off of last year’s pace. Slaughter is forecast by Fastmarkets to move lower this week, down to 625,000 head. However, the six-week average is forecast at 644,170 head per week, up 5.4 percent from the prior six-week average.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...