09.29.2023
Vegetable Oils & Animal Fat Prices Post Week on Week Drop

The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...
Demand for Packer Heavy Native Steers (HNS) continues to be strong and the limited supply is contributing to strong prices. Other packer steer hides are under pressure, now that the demand from the auto sector isn’t as strong for material under the higher quality HNS. Despite these reports, Butt Branded Steer (BBS) for jumbo weight material moved $1 higher on packer material today. Native Cow (NC) hides also increased in price. Packer hide Northern NC moved $2 higher than last traded prices. Processor hides have kept a strong position in the market, trading up from the last trading day for Dairy Cow (DC) and NC material.
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