The US hide market had limited price changes today. At this time, the jumbo weight category is popular among sellers as hides are becoming heavier. Packers continued to be well sold into December. Jumbo Heavy Native Steers (HNS-J) saw a $0.50 decrease while jumbo Butt Branded Steers (BBS-J) remain unchanged.
The Federal Reserve Economic Data (FRED) released their October 2020 figures for the crude petroleum and synthetic fibers Producer Price Indices (PPI) posting an increase of 14 percent for crude petroleum and a decrease of less than 1 percent for synthetic fibers from the prior month. Since January 2015, the crude petroleum index has fallen 11 percent whereas synthetic fibers have gained 1 percent. However, these commodities have seen dramatic fluctuations over the five years due to factors such as the consistent oil demand but oversupply, the COVID-19 pandemic and the…
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...