Cattle Slaughter Forecast Under 2023 into March

Cattle Slaughter Forecast Under 2023 into March

The markets were rangebound Monday on limited trade reports. 

For the week ending March 2, 2024, cattle slaughter is forecast at 600,000 head, 4.1 percent down from 2023 but 1.2 percent higher than last week. Over the next six weeks, cattle slaughter is expected to average 611,670 head per week, 2.5 percent lower than 2023 for the respective time. Fig. 1

The Estimated Weekly Meat Production from the USDA pegged cattle slaughter for week ending February 24 at 593,000 head, 3.4 percent lower than the respective week in 2023. Year-to-date cattle slaughter was estimated at 4.758 million head, 5.4 percent lower than 2023 for the same time. Production levels, 2024 year-to-date, were at…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

Latest Tweets