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
There’s been improvement on the bottom of the price guide material today. Dairy Cows have seen an increase for processed hides, moving up to $14 on the Northern and $12.50 on the Southwestern. Small Packer are now trading at $7, Branded Bulls are up from $8 to $12, and Kip Skins are steady at $12. Processor Branded Steers have also moved up $2, to $18. Other than Branded Steers, there have been steer pricing discussions, but minimal sales at this point in the week. Reportedly, prices are tracking at steady ranges, falling just a few dollars shy of pre-pandemic levels on the majority of the selections. For example, mid-weight Heavy Native Steers are $5.75 less than where they were one year ago.
Today’s Trades
[HIDE-SALES]
August US Home Starts
The Federal Reserve Economic Data (FRED) reported 1.42 million home starts in…