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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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...