Ethanol Production Drops While Margin Increases
Market Update
Steady to slightly softer values have been indicated on feed related items from most contacts due to light...
Values for mid-week were reported as steady from participants. Accounts of thin offering levels were made by the majority. However, lower CME values continued to pressure animal proteins.
For week ending May 13th, 2023, broiler slaughter is anticipated to be 165.073 million head, 1.3 percent above 2022 and 0.5 percent up from the previous week. Over the next six weeks, broiler slaughter is projected to average 165.779 million head per week, up 1.2 percent up from 2022 and 4.4 percent from 2021.
Based on the Weekly...
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