Cold Weather Stifles Animal Protein Trade

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Cold Weather Stifles Animal Protein Trade

Another day of light trade for the week with most participants continuing to focus on logistics versus spot trades.

For the week ending January 20, 2024, broiler slaughter is anticipated to be 157.370 million head, 1.7 percent lower than 2023 and 4.6 percent down from the previous week. Over the next six weeks, broiler slaughter is projected to average 163.433 million head per week, 1.6 percent down from 2023. (Fig. 1)

Based on the Weekly Livestock, Poultry, and Grain market highlights...

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Soybean Export Inspections Rise, Corn and Wheat Drop

Soybean Export Inspections Rise, Corn and Wheat Drop

Based on recent reports, there has been a decrease in the price of corn gluten meal, while corn gluten...

Steer Hides Trade Down From Last Week

Steer Hides Trade Down From Last Week

Hide trading today was sideways for Dairy Steers, Heifers, Kip Skin and Small Packer. Butt Branded and Colorado Branded...

Soybean Oil Basis Levels Stagnant on Sluggish Demand

Soybean Oil Basis Levels Stagnant on Sluggish Demand

Cash market trading remained dull heading into the second half of January. Prices corn oil and cottonseed oil were...

Organic Dairy Data Collection Act Introduced in House

Organic Dairy Data Collection Act Introduced in House

Representative Chellie Pingree (D-ME), a member of the House Agricultural Committee and...

Minnesota Regulators Formulate Enforcement Plan For Hot Hemp Flower

Minnesota Regulators Formulate Enforcement Plan For Hot Hemp Flower

Fastmarkets reported on the meeting scheduled last week with Minnesota law enforcement,...

Glycerin Pricing Steady to Start Week

Glycerin Pricing Steady to Start Week

Crude glycerin values were holding steady to begin the holiday-shortened trading week. Brokers and producers quoted...

Snow and Extreme Cold Limit Hog Slaughter

Snow and Extreme Cold Limit Hog Slaughter

The market was very quiet today with no changes reported. Extreme cold and heavy snowfall limited meat production last...

Frigid Temperatures Keep Most Spot Values Flat

Frigid Temperatures Keep Most Spot Values Flat

Several participants in the protein sector have communicated steady values as they contend with snowstorms and temperature drops. Due...

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