Lower cattle herd expectations signal tightening cattle products
US animal proteins were steady on Monday May 20, with limited trade reported and most testing the pre-holiday market.
Choice white grease (CWG) prices rose on Monday May 20, supported by the market expectation of tighter supply heading into the long holiday weekend in the US and on strong demand from the feed sector.
If there is no action in the Chicago CWG market on Tuesday May 21, the price will be unquoted.
The Fastmarkets research team has forecast a drop in hog slaughter ahead of the Memorial Day break and heading into the Fourth of July holiday.
Slaughter for...