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
For the week ending November 2, export sales for the 2023 marketing year decreased 29.77 percent, from 659,328 to 463,063, while shipments decreased 5.02 percent, from…
10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
10.04.2024
Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...