Ruminant Meat and Bonemeal Trades Higher in Several Regions
Ruminant meat and bonemeal (MBM) was higher out of several regions on Monday, with multiple accounts of strong demand...
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Slowing Hog Slaughter Adds Risk for Tighter Fat Supply
Lard was offered out and unsold today at 40 cts/lb Chicago. Outside of the lard market, the trade was very quiet.
Hog slaughter finished last week at an estimated 2.456 million head, down 3.7 percent from the prior week and down 2.1 percent from the same week in 2023. Hog slaughter had been trending well above 2023 levels through February and the Jacobsen is forecasting that to hold true for March and April, but on a seasonal downtrend.
The Jacobsen is forecasting...
