09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop
The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
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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