The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to the Christmas and New Year’s break, which is just four short weeks away.
Cattle slaughter finished last week at an estimated 538,000 head, down nearly 100,000 from the week prior due to the Thanksgiving holiday. Slaughter is forecast at 645,000 this week before retreating through the remainder of the year. Over the next six weeks slaughter is forecast at an average of 599,200 head, down 3.0 percent from the prior six-week average.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...