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 the Christmas and New Year’s break, which is just four short weeks away.
Cattle slaughter finished last week at an estimated 538,000 head, down nearly 100,000 from the week prior due to the Thanksgiving holiday. Slaughter is forecast at 645,000 this week before retreating through the remainder of the year. Over the next six weeks slaughter is forecast at an average of 599,200 head, down 3.0 percent from the prior six-week average.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...