A rangebound tone was noted for most items in the animal protein sector. With continued volatility in the futures market for soybeans, most participants held a wait-and-see attitude for Monday. For the week ending July 24th, 2021, hog slaughter is anticipated to be 2.375 million head, with the possibility to be slightly lower, due to typical summer slaughter trends. A 2.375 million head slaughter would be 4.2 percent higher than last week, but a 7.8 percent drop from last year. According to the USDA, actual hog live weights for week ending July 3rd were 281 pounds. This is three pounds under last year for the respective week and one…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...