Today’s Market
Wednesday’s reports were typical for midweek activity. There is good demand for quality hides, as Heavy Native Steers selections continue to receive interest. It has been reported that tanners are bidding below what was paid last week, despite the steady prices. Suppliers have been holding firm on prices during negotiations.
[HIDE-SALES]
The Federal Reserve Economic Data’s figures of May 2020 US retail auto sales have posted an increase of 52 percent from April’s record low. When the COVID-19 pandemic hit this sector in February, auto sales had fallen significantly to $61.705 million, representing a 30 percent decrease from the prior four-year average for April. Hide prices had followed suit, also receiving downward…
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...