Soybean Crush Margins Reach Six-Month High
CME grain pricing showed a downward trend today due to last week’s improved weather in the Midwest and the...
Limited trade was reported to start the week. No adjustments were indicated for animal proteins.
For the week ending August 5th, cattle slaughter is forecast at 630,000 head, a 2.8 percent decrease from 2022 but 1.8 percent higher from last week. Over the next six weeks, cattle slaughter is projected to average 626,670 head per week, a 3.2 and 1.0 percent down from 2022 and 2021, respectively, as head counts remain under prior levels. As of mid-July, slaughter levels have been forecast...