Steer trading was active today at steady levels except for heavy Texas steers (HTS) trading $2 higher than last reported price levels. Buyers in demand for HTS were willing to pay higher prices for material to receive prompt shipment and sellers were able to raise prices due to tight supply.
Buyers of steer hides were more willing to pay steady to current market pricing this week without much resistance giving sellers more confidence to try raising their counters and offers next week.
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07.25.2024
DGD financial outlook improves despite lower Q2 margins
US renewable diesel major Diamond Green Diesel (DGD), a 50:50 joint venture between Valero Energy and Darling Ingredients, reported on Thursday July 25 a continued weakening in operating income...
07.25.2024
US Gulf tallow prices boosted by limited spot supply, strong Chicago market
Tallow with max 20% free fatty acids (FFA) traded at 51 cents per lb delivered US Gulf on Thursday July 25, following trades earlier this week at that price.
07.25.2024
Animal protein values flat; June poultry slaughter below traditional trends
US animal proteins values were indicated as rangebound on Thursday July 25, with light trade volume reported from multiple market sources.
US broiler slaughter
Fastmarkets' research team...