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 Activity & Analysis
Today’s Market
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…