Trading in the US animal proteins market was quiet on Friday October 11, with minimal price changes reported.
October WASDE on livestock, poultry
The October update to the USDA’s World Agricultural Supply and Demand Estimates (WASDE) brought increased estimates for 2024/25 total production, up by 335 million lb from the September WASDE, with a higher beef output more than offsetting lower production of pork, broiler and turkey.
Beef production for 2024 was forecast at 27 billion lb, up by 205 million lb from the September WASDE but down by 36 million lb from 2023.
Sources told Fastmarkets they expect increased cow slaughter and heavier cattle weights in the second half of 2024, even though head counts remain down year on year.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...