Six cars of edible tallow traded higher today. Outside of the edible market, trading was very quiet to start the week.
Cattle slaughter finished last week at a robust 665,000 head, up 41 percent from a year ago and up 3.9 percent relative to the year prior. This week, slaughter is projected out at 649,000 head, down 2.4 percent from last week. Over the next six weeks, slaughter is forecast at an average of 643,200 head, up 0.7 percent from the prior six weeks. With relatively steady supply demand is expected to be the dominant driver in the near term market. For the first half of…
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...