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Hog Slaughter Projected Higher into October

Alexandra Watts | 09.25.2023

Trading was very quiet today with no changes reported. Sellers indicated that buyers were hard to find with soybean oil futures off sharply and RIN prices collapsing. Heating oil prices moved lower as well, further pressuring renewable margins. Sources have also indicated that the market is generally concerned over an oversupply of fuel relative to the RFS mandate and which is weighing on RIN values.

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11.27.2023

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On November 22, a U.S. appeals court struck down a decision...

11.27.2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to...

11.27.2023

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade. Participants communicated low $200s per short ton on ruminant meat...

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Hog Slaughter Projected Higher into October

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