Lard traded higher late Friday afternoon, which is reflected in today’s price guide. The market was mostly quiet, offers on BFT were reported at 49 & 50 cents Chicago with steady with the last traded price.
Hog slaughter finished last week at 2.642 million head, up 8.6 percent from the winter weather week prior. Production is forecast to pick up over the next four weeks ahead of the Eastern holiday, but projected to fall into April. Over the next six weeks, hog slaughter is forecast at 2.613 million head, down 1.4 percent from last year’s levels. Time…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...