Packer BFT was offered out and untraded this afternoon at the previous low end of the trading range. Bids and offers outside of the Chicago market were quiet, but a negative tone persists. Buyers and sellers are likely going to be very motivated to get business wrapped up early this week in an effort to get ahead of the Thanksgiving holiday logistics.
For the week ending November 20th, 2021, cattle slaughter is forecast at 660,000 head, a 0.9 percent decrease from 2020, a 0.8 percent increase from the previous week and a 1.2 percent drop from 2019. Labor declines have limited the possible upside for production in the fourth quarter, even with adequate market ready cattle. According to the USDA Actual Slaughter Under Federal Inspection for October 30th, average live weights are currently at 1,380…
04.30.2024
Biofuel feedstock demand rises while capacity declines: EIA
EIA Biofuels Capacity and Feedstock Update
The Energy Information Administration’s (EIA) Monthly Biofuels Capacity and Feedstocks Update, released on Tuesday April 30, showed that operable US biofuel capacity declined...
04.30.2024
Chicago edible tallow trades lower
The edible tallow price fell to 52 cents per lb Chicago basis on the afternoon of Tuesday April 30. Tallow trading was quiet outside of the edible tallow market.
04.30.2024
April animal protein values mixed month on month
US animal proteins prices were mostly steady on Tuesday April 30. Limited trade was again reported, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, held...