Light and regular weight Butt Branded Steer (BBS) hides that traded $0.50/piece lower than Friday’s reports and the rest of the market was relatively quiet to start the week.
BBS prices were lower due to pushback from Chinese buyers and overall limited demand. Korean and Mexican tanners were, for the most part, inactive over the week.
Market activity is expected to pick up tomorrow but will most likely be a slow trading week due to the holiday celebrations around the world, including Carnival, Spring Festival Golden Week, and Lunar New Year.
Cattle Slaughter Forecast
Cattle slaughter is forecast by The Jacobsen at 625,00 head this week, which is up 0.48 percent from last week and down 0.05 percent from last year. Cattle slaughter finished last week at an estimated 622,000 head, down 2.35 from the week prior and down 0.92 percent from last year. Over the next six weeks, slaughter is forecasted at an average of 617,500…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.