26 July 2013 15:47 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Cattle slaughter in June this year totaled 2.73m head, down 5% year over year, the US Department of Agriculture (USDA) said on Friday.
The average live weight was up 17 lbs from the previous year, at 1,307 lbs, USDA said.
The average live weight is the weight of the whole animal, before slaughter.
Beef production, at 2.17bn lbs, was down by 4% from June 2012, USDA said.
The figures are reported in USDA’s monthly livestock slaughter report by the National Agricultural Statistics Service (NASS).
US tallow-based fatty acid producers typically use bleachable fancy tallow (BFT) as feedstock. BFT is primarily derived from the fat tissue of beef.
Fatty acid suppliers use a prior-month BFT feedstock average as a factor in the contracts.
The BFT price has been hovering around 45.50 cents/lb ($1,003/tonne, €752/tonne) in the Chicago cash market in recent weeks.
($1 = €0.75)
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