Hog slaughter finished last week at an estimated 1.74 million head, down 15 percent from a year ago levels. The slaughter is forecast to trend lower over the next six weeks, projected at 2.12 million head this week and to 2.53 million head on the week ending February 6th. The next six weeks are forecast at an average of 2.47 million head per week, down 4.9 percent compared to year prior levels and down 2.2 percent compared to the prior six week average. The lower production figures should mix with the higher…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...