The Jacobsen will implement new Friday publication hours tomorrow, September 10. The deadline for trade reporting will be at 2 p.m. CST with publication of the Hide & Leather Price Guide/Commentary soon after.
Activity in the fed steer market continues very quietly this week. Chinese tanners have reported that they hold plenty of inventory and do not need to buy with any urgency. Sellers have reported decent cow interest. Footwear tanners also have expressed their lack urgency in buying, but they have been inquiring about prices. Overseas, larger volumes of hides are being sold at discount, but smaller volumes are being sold at current trading levels. Most Italian buyers have been out of the market as well, stating they have enough inventory.
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04.15.2024
Soybean oil stocks climb as soybean crush reaches record high
The National Oilseed Processors Association (NOPA) reported the March soybean crush at an all-time high of 196.406 million bushels. This was largest crush on record, outpacing by 0.55%,...
04.15.2024
Soybean oil market adds negative pressure to DCO market
Distiller’s corn oil (DCO) traded in a range of 45.5 - 46 cents lb delivered US Gulf today on what was otherwise a quiet trading day.
The lower...
04.15.2024
Hog slaughter forecast lower into May
Market sources reported no trades outside the previously set ranges for animal proteins in the US for Monday April 15.
For the week ending April 20, 2024, hog...