Late Friday, ten cars of packer BFT traded at higher prices. Yellow grease was reported higher out of the California markets late on Friday as well, but today has been quiet.
For the week ending October 9th, 2021, cattle slaughter is forecast at 650,000 head; a 2 percent growth from 2020; a 2 percent increase from the previous week;and a 0.3 percent rise from 2019. According to the USDA Actual Slaughter Under Federal Inspection for September 30th, average live weights are currently at 1,367 pounds, 3 pounds below the week prior and 21 pounds under the respective period for 2020. Over the next six weeks, cattle slaughter is averaging 648,130 head per week, a 0.46 percent decrease from the prior six-week average. The harvest is projected to run 0.1 percent below 2020 levels and 0.6 percent below 2019.
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04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...