Some sellers reported interest from footwear tanners today but at lower bid levels. With negotiations ongoing since mid-last week, sellers settled with lower prices for branded steers (down $0.50). Downward pressure on Colorado branded steers, butt branded steers, and heavy Texas steers continues.
Sellers aim to conclude large volume of business this week, ahead of Golden Week in China. The holiday will impact business operations in China, Japan, and Korea from October 1st to the 7th.
Cured and Wet Blue Export Shipments by Selected Countries — Through September 14
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11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...