Cattle slaughter finished last week at a robust 651,000 head, up 1.3 percent from a year ago and up 26.4 percent relative to the week prior. Slaughter is forecast to move lower over the next six weeks. This week, slaughter is projected out at 640,000 head, up 1 percent from last year and down 1 percent compared to the week prior. Over the next six weeks, slaughter is forecast at an average of 621,700 head, down 1.7 percent from year prior levels. The slower production combined with the…
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...