The US hide market remained relatively steady for the week with a couple of active trades. Both light and regular weight native steers traded lower by $0.25. Butt branded steers traded down $0.50. Colorado branded steers traded down $0.25. Branded heifers traded $0.25 below yesterday’s price point. Additionally, sources reported high interest in cows.
It appears that rising interest rates are still affecting consumer spending. Many shoe manufacturers do not expect the situation to improve anytime soon. Disruptions to global supply chains combined with the slow economic rebound have resulted in several major automakers slowing production, which may soon have a negative impact on steer prices.
Actual Slaughter by Classification
Table 1.
…
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.