Limited trade was reported for the start of the week. The IPPE (International Production and Processing Expo) and AFIA (American Feed Industry Association) Pet Food Conference are expected to draw participants from the animal protein market which could diminish traded volume for the week.
For the week ending February 2, 2024, cattle slaughter is forecast at 625,000 head, 1.9 percent down from 2023 but 1.1 percent up from last week. Over the next six weeks, cattle slaughter is projected to average 615,000 head per week, 1.9 percent lower than 2023 for the respective time.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...