US animal proteins were sluggish on Thursday August 22, according to sources, leaving prices steady for the day. Most participants said they were holding off trade until after the Labor Day holiday (September 2) or only trading in lighter volume.
Participants in the market have commented on the possible upcoming Canadian rail strikes, saying there could be some interference in the US poultry, meat and bonemeal and bloodmeal markets. Some market sources said that the potential strike at US seaports on the East Coast and in the Gulf of Mexico are of bigger concern.
July commercial cattle, hog slaughter
Commercial cattle slaughter for July was at 2.77 million head, based on the USDA’s Livestock Slaughter report released on August 22. This was higher by 4.79% year on year and up by 7.14 % percent from June — and more in line with traditional values for July, due to higher slaughter volume from the prior month.
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11.26.2024
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BFT prices climb as some DCO markets trend lower
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Sluggish trade ahead of Thanksgiving; October broiler slaughter well above 2023
Trade values below the current ranges were indicated on meat and bonemeal, although reported trades were still rangebound on the day.
Fastmarkets assessed the price of poultry by-product...