28 August 2013 21:15 [Source: ICIS news]
HOUSTON (ICIS)--Cattle slaughter in July this year totalled 2.89m head, up 4% year over year, the US Department of Agriculture (USDA) said on Wednesday.
The average live weight was up 7 lbs from the previous year at 1,302 lbs (591 kg), the USDA said. The average live weight is the weight of the whole animal before slaughter.
Beef production, at 2.29bn lbs, was up by 4% from July 2012, the 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.
BFT has been hovering around 43.25 cents/lb ($953/tonne, €715/tonne) in the Chicago cash market in recent weeks.
($1 = €0.75)
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