The Jacobsen Hide Index on Friday closed at $14.57 compared to $14.81 Friday the week prior. Big packer steer quotes included HNS from $25, BBS from $18 to $20, BS at $13, and CBS at $13 and HTS at $18 FOB plant.
The Week’s Slaughter Forecast
The Jacobsen slaughter forecast for this week is 625,000 head, and if realized, will be 68,100 head less the same week last year when it was 664,600.
Cattle slaughter finished last week 524,000 head, down 11 percent from a year ago and down 6 percent relative to the week prior. Slaughter is forecast to rebound this month after the lower numbers in April and May. Over the next six weeks, slaughter is forecast at an average of 622,500 head, up an average of 28 percent from the prior six weeks and down 4 percent compared…
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