Light and regular weight Butt Branded Steer (BBS) hides that traded $0.50/piece lower than Friday’s reports and the rest of the market was relatively quiet to start the week.
BBS prices were lower due to pushback from Chinese buyers and overall limited demand. Korean and Mexican tanners were, for the most part, inactive over the week.
Market activity is expected to pick up tomorrow but will most likely be a slow trading week due to the holiday celebrations around the world, including Carnival, Spring Festival Golden Week, and Lunar New Year.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 625,00 head this week, which is up 0.48 percent from last week and down 0.05 percent from last year. Cattle slaughter finished last week at an estimated 622,000 head, down 2.35 from the week prior and down 0.92 percent from last year. Over the next six weeks, slaughter is forecasted at an average of 617,500…
01.06.2025
SkyNRG Washington SAF plant to receive $1.5 million planning grant
The $1.5 million grant is intended for use in engineering, permitting and logistics studies towards the planning of the facility, which will produce 50 million gallons of SAF per...
01.06.2025
Animal fat prices in Gulf show upward pressure; weekly hog slaughter increases
The US animal fats and oils markets began the week of Monday January 6 on a relatively active note as trading gradually picks up following the holiday season.
01.06.2025
Potential January ILA port strike weighs on market sentiment
US animal proteins prices were steady day on day on Monday January 6 amid an impending port strike.
A January 15 deadline is set for the International Longshoremen’s...