US packers were active in the market today. Heavy native steers traded at steady prices whereas regular weight butt branded steers (BBS) traded $0.50 higher than yesterday’s levels and heavy Texas steers (HTS) traded $1.50 higher. The higher trades for BBS and HTS were in line with reports from last Monday the 20th. However, regular weight branded steers fell $1 from yesterday’s levels.
Hide interest remains from buyers, but price ideas are at lower than current market levels. Shoe tanners continue to push for lower prices. Furniture and automotive demand remains relatively firm, especially from Chinese tanners.
Hide sellers are pushing to sell hides in the next few weeks ahead of Chinese Lunar New Year. Some sellers have accepted lower than current market pricing to avoid material building up in inventory.
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09.19.2024
SAF roadmap, collaborations announced at Bali International Airshow
At the event, coordinating minister for maritime affairs and investment Luhut Binsar Pandjaitan said he would call on Indonesian state-owned oil and gas company Pertamina to collaborate with airlines...
09.19.2024
US Gulf UCO prices edge higher; feedstock costs, REG Geismar fire create uncertainty, sources say
The US animal fats and oils markets — apart from used cooking oil (UCO) — were stable on Thursday September 19, with attention shifting toward broader macroeconomic trends.
09.19.2024
Animal protein prices steady; August cattle, hog slaughter down
US animal proteins were rangebound on Thursday September 19.
August commercial cattle, hog slaughter
Commercial cattle slaughter for August was at 2.66 million head, based on the USDA’s...