Today’s Market
Market reports were higher today continuing the trend of upward momentum in the market. The native bull selection traded as high as $15 per piece and jumbo Heavy Texas Steer selections traded at $28. Native bulls are up $6.50 from a month ago and jumbo Heavy Texas Steer are up $8 from a month ago. Nearby hide supplies are tight with reports of sellers well sold through December. The tight nearby supplies add risk for continued, higher prices.
[HIDE-SALES]
Recently released Federal Reserve Economic Data (FRED) for July 2020 estimated US new home sales at 901 thousand units, a 13 year high. FRED advance furniture sales estimates for August are estimated at estimated at $10.233 billion, an all time high. The new home sales and…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...