Trading was quiet in the US animal protein market on Monday September 23, with no changes reported.
Market sources continued to express concern over the looming port strike set by the International Longshoremen’s Association union for October 1, which includes major US ports from Maine to Texas.
These ports handle about half of the nation’s cargo from ships, market sources said, adding that the strike could devastate the rendered poultry meal markets, which are primarily based in the US Southeast.
“Even with decent pet food demand, [animal] feed would not be able to absorb the poultry [by-product] volume quick enough,” one industry source told Fastmarkets.
Hog slaughter
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11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...