Buyers continued to pressure the market with bids lower than current market levels, but sellers countered with steady levels. The business that was concluded was for regular-weight branded and heavy native steers, down $0.50-$1 from last reported levels. Regular-weight Colorado branded steers traded $2 higher from yesterday and $0.50 higher from last Thursday’s report. Another seller reported a trade $0.50 below last Thursday’s level.
Traders have a sense that packers are building inventory and need to sell material because of the willingness to sell at lower levels and the poor outlook on the global economy.
U.S. Export Sales & Shipments for Week Ending November 2
USDA Cured Hide and Wet Blue Export Sales Recap
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12.20.2024
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The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
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12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...