Packers complied their offer lists yesterday and today to release tonight, which is expected to be similar to last week but with a few increases on steer hide selection. Buyers are in demand for branded steers which drove trading prices for Colorado branded steers up $1 today for packer material.
Smaller buyers were more active in the market yesterday and today, bidding prices in line with what was last traded.
Sellers are reportedly well sold on heifers which may encourage price increases in the near-term.
Freight rates are lowering, according to several sellers. Steamship lines have pushed for lower rates which may offer decreases in freight rate for hide sellers soon.
Cured and Wet Blue Export Shipments by Selected Countries — Through June 15
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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...
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Light trade volume leaves most US animal protein prices flat
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Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
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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...