Values were mostly steady for Thursday with pricing levels within the previously set ranges.
Pressure on ruminant meat and bonemeal (MBM) has been slow and steady since April of 2022, while porcine MBM has been on a downward trend after peaking in June.
Beef production levels have been 5.2 percent, or 1,031.85 million pounds, below the previous year on ruminant. Lower cattle head counts, higher feed costs, as well as drought have pushed cattle through quicker than usual this summer. Slaughter levels are expected to move higher into the fourth quarter for cattle, typical with seasonal trends but will remain below 2022 levels by 4.1 percent based on the most recent WASDE report.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...