Animal proteins were called flat for the start of the week. Limited trade was indicated for Monday.
Although the growing season in Brazil kicked off in a dry manner, triggering worries over crop yield potentials, recent rain and cooler temperatures have helped to alleviate these crop worries.
For the week ending January 13, 2024, hog slaughter is forecasted at 2.575 million head, down 4.3 percent from 2023 but up 8.2 percent from last week due to the slow start to the New Year, typical for January. Over the next six weeks, hog slaughter is expected to average 2.488 million head per week, down 2.7 percent from 2023 levels.
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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...