The US hide market ends the week with consistent to slightly higher prices for some selections. HNS saw an increase on Thursday and Jumbo HTS has seen a jump today. Many continue to have concern about demand. The savings rate and unemployment in the US have risen, which is prompting continued fear of the economy. Consumer spending in the month of April dropped 13.6%. The risk of minimal interest in leather products is potentially high in the short term. Big packer steer quotes included HNS…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.