Based on participants in the market, the upcoming January report for USDA Cattle on Feed expectations are for cattle on feed to remain under year ago levels due to heightened drought conditions and year-over-year slaughter levels in 2021.
Hogs on feed are also expected to be lower in upcoming reports, regardless of diminished slaughter rates and most producers looking to move market ready hogs as soon as possible. Plant slowdowns due to heightened absenteeism have not diminished contacts concern for the following: sizeable decreases in the number of sows in feedlots, higher feed costs, increased disease levels among hogs and sows, and heightened absenteeism.
According to the USDA Feed Outlook for December, total Grain Consuming Animal Units (GCAUs) are projected to be 100.5 million units for 2021/22. This number is down from the revised estimate for 2020/21 of 101.3 million units. The decline…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...