**Please note – Ryan Standard is out of the office until Monday, February 12.**
A quiet trading day was reported in the fats and oils market, keeping values flat for the start of the week.
For the week ending February 10, 2024, cattle slaughter is forecasted at 625,000 head, 0.5 percent down from 2023 and 1.9 percent lower than last week. Over the next six weeks, cattle slaughter is expected to average 619,170 head per week, 1.9 percent lower than 2023 for the respective time.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...