Market Update
The US hide market wrapped up the week with unanimous reports of trades at steady levels. Sellers pushed for higher prices, but buyers were resistant. Most business will be carried into the weekend as negotiations are ongoing.
A few sellers reported difficulty trading Heavy Texas Steers (HTS) and Branded Steers (BRS) at steady market levels. Most bids were below market. However, one packer sold BRS in the beginning of the week at steady to last week’s levels.
Actual Slaughter by Classification
Table 1.
…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
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
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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...