Hide offers were released yesterday which brought good volume of demand from buyers but at prices several dollars lower from last traded levels. Shoe tanners came into the market with bid levels around $4 below the last traded levels. Sellers speculate that the buyers are looking to take advantage of the uncertainty revolving around the automotive industry in the U.S. Packer, regular weighted heavy native steers traded $0.50 lower from yesterday’s price levels.
Ongoing Automotive Strike May Pressure Prices Down for Cattle Hides
The United Auto Workers (UAW) strike is ongoing into the sixth day and market players are anticipating further upward price pressure on vehicles, but downward price pressure on cattle hides if a deal isn’t made in the near-term.
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10.17.2024
US DOE to guarantee nearly $3 billion in SAF loans to Gevo, Montana Renewables
The US Department of Energy’s Loan Programs Office announced on Wednesday October 16 conditional commitments for up to $2.9 billion in loans for two sustainable aviation fuel (SAF) producers.
10.17.2024
US fats and oils markets quiet amid industry event; DCO production up
The US animal fats and oils markets were quiet on Thursday October 17, with the majority of participants attending the American Fats and Oils Association (AFOA) event in Nashville.
The...
10.17.2024
US animal proteins market steady on October 17
US animal protein prices were steady on Thursday October 17, with market participants indicating a slow day for trading.
September USDA Feed Outlook
Grain consuming animal units (GCAUs)...