Sellers Accept Lower Bids on Branded Steers

Sellers Accept Lower Bids on Branded Steers

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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12.08.2023

SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA

SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA

**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **

In its December World Agricultural...

12.08.2023

Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand

Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand

There was a lot of activity today to close out the week, mostly at lower prices. Negative pressure had been building through the week on heavy nearby supply, and...

12.08.2023

MBM Prices Continue to Fall on Reduced Export Demand

MBM Prices Continue to Fall on Reduced Export Demand

Considerable pressure on meat and bonemeal remained for this week, with ruminant and porcine markets FOB Mo. River weekly averages dropping 9.0 percent and 7.0 percent, respectively. Excess offerings...

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