Trading was mostly quiet today, but there was early week trading of choice white grease. With kills at 490,000 head today and at 2.73 million for last week, it’s reasonable to expect supply side pressure to weigh on nearby prices.
Cattle slaughter finished last week at 637,000 head, down 1.74 percent from a year ago and down 4.21 percent relative to the year prior. Slaughter is forecast to move gradually higher over the next six weeks. This week, slaughter is projected out at 640,000 head, down…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...