Buyers have been quiet this week with the exception of automotive tanners that are looking for heavy native steers (HNS) and butt branded steers (BBS). HNS traded $0.50 down from yesterday and most sellers are in low supply of the material. BBS sold $1 higher than last traded but sellers stated the incoming production of BBS and Colorado branded steers are likely to be firm in the fall months.
A big packer released their offer list for this week with several items available with September and October shipment.
A few processors reported difficulty to sell cow hides and they had not seen much demand from automotive tanners.
Cured and Wet Blue Export Shipments by Selected Countries — Through July 27
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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...