06.06.2023
Higher SBO Market Sparks Boost in Offer Prices

Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high...
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…
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