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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12.12.2024
California LCFS credit volumes rise, prices fall week on week
California Low Carbon Fuel Standard (LCFS) credit volumes were up sharply while the average credit price declined in the week ended Sunday December 8, figures released on Wednesday December...
12.12.2024
Grease prices continue to soften while Gulf UCO trades stable to higher
The US animal fats and oils markets continued to show mixed dynamics on Thursday December 12, with tallow markets remaining notably quiet while grease prices continued to soften across...
12.12.2024
Looming port strike adds negative price risk to animal protein markets: sources
Negative sentiment continued to hang over the meat and bone meal (MBM) markets on Thursday December 12, although trading reports were limited throughout the day.
Much of the...