Cow hide trading was active today with Branded Cows trading $0.50-$1 higher. Processors have reported increased bids for cow and steer hides, both increaed prices and volume. Packers and traders continue to report resitance from from buyers to higher prices. Butt Branded Steers and Colorado Branded Steers were reported down $1, driven by sellers agreeing on a lower price to move material overseas.
Pent-up consumer demand drove clothing sales and industrial production of apparel and leather goods to record high May figures. Federal Reserve Economic Data (FRED) reported May clothing sales at $26.2 billion and industrial production at 102.6 points-up from the 2016-2019 May average by 17 percent and 4 percent, respectively. As consumers return to brick-and-mortar stores and continue to shop online, clothing is expected to be the most demanded good. Mastercard’s monthly…
04.22.2024
Animal fats and oils commentary: CWG prices fall on pressure from DCO
Steady slaughter levels, lower prices into the US Gulf for all feedstocks and lower prices for distillers’ corn oil (DCO) in the Midwestern markets have all weighed on the...
04.22.2024
Cattle slaughter more in line with 2023 as May nears
US cattle slaughter
Fastmarkets research forecasts cattle slaughter at 625,000 head in the week to Saturday April 27, less than half a percent lower than the same period in...
04.22.2024
Central Illinois soybean crush margins hit 5-week high
DDG prices remained steady in all regions on Monday April 22. Market sources said demand remains flat, and reported steady values that align with current price ranges.