Hog slaughter finished last week at 2.738 million head, up 3.7 percent from the week prior. The forecast for this week is for 2.65 million head before falling to 2.6 million head next week. Slaughter is projected to averaged 2.592 million head over the next six weeks, down 1.7 percent from last year and up 4.2 percent from the prior six week average. A massive winter storm is expected to dump heavy snow across much of Iowa and parts of Illinois today, which could further disrupt the hog numbers this week, as…
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...