US cattle slaughter drops by 5% in March 2014 from previous year

25 April 2014 16:29 Source:ICIS News

MEDELLIN, Colombia (ICIS)--Cattle slaughter in March this year totalled 2.45m head, down by 5% from March 2013, the US Department of Agriculture (USDA) said late on Thursday.

The average live weight was up 5 lb (2kg) from the previous year, at 1,318 lb, USDA said.

The average live weight is the weight of the whole animal before slaughter.

Beef production, at 1.94bn lb, was also lower by 5% from March 2013, 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 is priced has been hovering around 42.50 cents/lb ($937/tonne) in the Chicago cash market in recent weeks with limited offers.

Fatty acids are produced by splitting oils or fats, which then generate the fatty acid and a glycerine co-product.

By Leela Landress