On the supply-side of the US maket, production is high and beef demand is strong. China is slowly coming back to business and will take around half of the supply, helping to cure the incoming hides. Once the hides are salted and cured, they are stored because of the little demand. Currently, the US hide market is experiencing demand destruction due to the hide nonexistent demand. While consumers are taking care of their health and remain in…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...