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…
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...