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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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...