Today’s Market
Again, little was reported today. This temporary reduction in slaughter is giving some supply side relief. However, the lower hide prices aren’t attracting demand because of the lack of leather orders. The limited reports are steady with the current, printed ranges.
[HIDE-SALES]
Mandated shelter in place orders have had a significant impact on the economy and one of the first sectors to slow down, or switch production efforts, has been the auto industry. On top of the minimal buying interest, the manufacturers have had to reassign their production focus. As COVID-19’s spread accelerated through the world, some of the factories, such as GM and Ford, had shut down auto production to focus on producing ventilators.
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...