Lexi Watts out of Office December 16-18
Lexi Watts will be out of the office Wednesday, December 16 through Friday, December 18 and will return on Monday, December 21. In her absence, please contact Ryan Standard at [email protected] with any questions or trades to report.
Prices were mostly unchanged today with the exception of Butt Branded Steers (BBS) increasing $1 to return to last week’s closing levels. Some customers in the automotive and furniture sectors are still expressing willingness to buy at the higher prices.
The Federal Reserve Economic Data (FRED) reported the November hide and leather Producer Price Index (PPI) at 58 points, up 73 percent from July’s all-time low of 33 points and a return to pre-pandemic levels. The synthetic fibers PPI continues to trend lower, although slightly higher in November at 125 points. November was only the second month in the last 15 with…
05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...