Market reports continued today at steady to higher prices. Sources reported strong sales volumes to close last week. Market values are expected to appreciate at a marginal rate in the near term, as long as there are no surprise COVID-19 interruptions. Prices for Heavy Native Dairy Steers moved up $0.50 per piece and Native Cows increased, jumping $4 for both Northern and Southwestern. Native Bulls, Branded Bulls, Kip Skins and Small Packer trades also refreshed, quoting up $2, $1, $2.50 and $0.50 respectively.
Last Week’s Close
The Jacobsen Hide Index on Friday closed at $18.98 compared to $18.19 Friday the week prior. Big packer steer quotes included HNS from $31, BBS at $29, BS at $18, and CBS at $17 and HTS at $21 FOB plant.
Packer beef margins…
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...