The US hide market continues to be challenged with prices down $1 to $3 dollars on many selections this week. While a few sales are still close to last week’s level, most people note that buyers are aggressively bidding down and are not interested in any counters. Buyers believe prices will likely move down and are saying they will be able to buy for lower next week if they pass. While this is hampering sales, there is some business being…
04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...