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…
07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...