11.27.2023
Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Hide demand proceeds to be strong for the upholstery sectors. Buyers continue to be in the market for Heavy Native Steers, as well as other steers, but are facing a challenge to have them shipped before year-end. The shoe tanners remain absent from the market as leather demand, let alone footwear in general, is low. Overall, the week ended trading at similar levels to slightly higher than the previous week.
Today’s Trades
Packer Sales
No packer sales today.
Processor Sales
No processor sales today.
Actual Week-Ending Cattle Slaughter by Classification
This USDA data is published every Thursday by the USDA Agricultural Marketing Service (AMS) and reflects actual week-to-date cattle slaughter by classification for the week ending two weeks prior to document release day.
Industry-Related News
December 4 (Wall Street Journal) – U.S. Added 245,000 Jobs Last Month as Hiring Slowed
U.S. job growth slowed sharply in November, suggesting the labor-market recovery is losing steam amid a surge in coronavirus cases and new business restrictions. Employers added 245,000 jobs last month, less than half the 610,000 jobs added in October, the Labor Department reported Friday. The unemployment rate edged down slightly to 6.7% in November from 6.9% a month earlier. READ MORE