Trading was very quiet this week with no changes reported in the export or destination markets. Sources indicated that strong supply has created some headwinds in the exporting markets. Australian weekly cattle slaughter was reported at 128,454 head, down 4 percent from last week, while the figure marked a 22 percent positive year-on-year change, according to the National Slaughter report from the MLA. Year to date slaughter now stands at 5,391,155 head.
Logistics issues, including jammed ports and slower unload times, as well as added scrutiny from buyers, have contributed to slow turn arounds.
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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...