Steer and heifer prices have skyrocketed on very strong demand from Korea. For a number of sellers, customers in Korea hadn’t been very active until yesterday, when many bought at asking price of US sellers’ offer lists. This week there interest from Chinese tanneries declined, but those that did show interest were willing to pay higher. Concern over continued price increases has pushed the buyers into the market with a greater sense of urgency.
[HIDE-SALES]
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending March 18, export sales for 2021 marketing year increased 20 percent to 781,438 from 652,011 and shipments increased 3 percent to 479,178 from 463,697. Sales for marketing year 2021 totaled 5,763,806—mostly all hides. The average year-to-date weekly trends for federally inspected slaughter…
02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...