The animal proteins market was called ‘undefined’ and wide ranging on the combination of excess offerings and the upcoming Thanksgiving holiday.
The spread of Avian Influenza in the U.S. the past two months, diminished export, lower hatchery, the closure of several poultry slaughter plants, as well as the instability of CME soybean meal has led to continued unsettled tones and wide ranges on poultry related items for the fourth quarter. A have-have-not tone has been witnessed the past month with tight inventories.
According to the USDA Animal and Plant Health Inspection Services (APHIS) report, there were 1.37 million birds affected by Avian Flu in October and 2.60 million birds in November. Of the total in November thus far, 51.9 percent was from table egg layers while 33.0 percent was labeled commercial turkey meat birds. The current November total is 93.0 percent above November 2022. (Chart 1 and Fig. 1)
…
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...