Hog slaughter finished last week at an estimated 2.71 million head, up 0.57 percent from a year ago levels. The slaughter is forecast to trend higher over the next six weeks, projected at 2.73 million head this week and to 2.8 million head on the week ending December 19th. The next six weeks are forecast out at an average of 2.708 million head, which is up 1 percent from the prior six week average. The increase is significant considering the Thanksgiving holiday is factored into the forecasted average over the next six weeks….
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...