The week began with a quiet tone across the market. Tanneries in Mexico will begin to close for the holidays starting Friday and remain closed until after the New Year.
Most customers do not have interest in wintertime hides, due to the poor quality, or in buying with shipments to be received during the Lunar New Year. Buying activity is expected to be slow over the next four weeks due to holiday downtime. Hide inventory will build during the next several weeks due to the down time from buyers.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 635,00 head this week, which is unchanged from last week but up 2.04 percent from last year. Cattle slaughter finished last week at an estimated 635,000 head, unchanged from the week prior and down 2.05 percent from last year. Over the next six weeks, slaughter is forecasted at an average of 597,500 head per week, up 0.10 percent from the…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...