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…
01.07.2025
Biodiesel imports climb 10% from 2-year low; exports fall to lowest level since January 2024
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing...
01.07.2025
Packer BFT trades higher; rising HO/SBO prices lift UCO sentiment
Three railcars of packer-grade bleachable fancy tallow (BFT) traded higher at 45 cents per lb, Chicago basis on Tuesday January 7.
Apart from this trade and continued activity in choice...
01.07.2025
Poultry by-product pet grade lower on export unease, possible winter weather in Mid-South, Southeast
US animal proteins had limited price changes indicated on Tuesday January 7 due to a quiet tone reported by multiple market sources.
Price pressure was reported on poultry-related...