Trading was quiet mid-week with few changes reported.
For week ending November 18, 2023, broiler slaughter is forecast to be 170.412 million head, 2.1 percent below 2022 but 1.4 percent over the previous week (Fig 1). Over the next six weeks, broiler slaughter is projected to average 161.082 million head per week, a drop of 1.1 from 2022 but a 5.7 percent rise compared to 2021. Reductions in slaughter out front are due to not only the Thanksgiving holiday but Christmas as well.
Based on the Weekly Livestock, Poultry, and Grain market highlights from the USDA, year-to-date broiler production as of November 13 was at 35.591 billion head, a 0.2 percent drop from 2022 for the comparable time. Year-to-date turkey production was at 4.321 billion head, a 4.3 percent increase from 2022 for the similar time period.
Fig. 1
…
11.08.2024
CA LCFS credit bank hits record high as biobased diesel consumption rises
California’s Low Carbon Fuel Standard (LCFS) credit bank reached an all-time high of 29.19 million at the end of the second quarter 2024, according to data released by California’s...
11.08.2024
Animal fat prices fail to track global vegoil prices higher
The US animal fats and oils markets concluded the week stable to lower on Friday November 8, with a few exceptions noted in the Gulf market. The week was...
11.08.2024
Ruminant meat and bonemeal prices in Missouri River market rise week on week
US animal protein prices were flat on Friday November 8, with sources reporting no changes.
In the week to Friday, animal protein prices were relatively steady. Sources reported...