Cattle Slaughter Forecast Higher into October

Cattle Slaughter Forecast Higher into October

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.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.16.2024

RIN dashboard

RIN dashboard

Reviewing the RIN dashboard ahead of the March EMTS release. The most recent Energy Information Administration (EIA) energy outlook and the Environmental Protection Agency (EPA) RIN production data provides...

04.16.2024

Cash SBO market weighs on DCO market

Cash SBO market weighs on DCO market

It was an active day in the distiller’s corn oil (DCO) market on Tuesday with pressure from the cash soybean oil market weighing on FOB truck values. Trading was broadly...

04.16.2024

MBM and BM mixed to softer on lower demand

MBM and BM mixed to softer on lower demand

For Tuesday April 16, animal proteins were mixed with most market sources indicating pressure on meat and bonemeal (MBM) and bloodmeal (BM). Market sources indicated mixed demand on MBM...

Latest Tweets