Branded Cow and Dairy Cow selections fell $1 on decreased buying interest from upholstery tanners due to full inventories. Branded Steers also fell $1.50 today on packer material. The bids that sellers have received are significantly lower than last trading levels, with some down $5. Buyers are not very active and continue to bid lower which reasonably suggests they’re not pressured to buy in the near term.
Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through April 22. Through Week 16, the total outstanding sales are 4.792 million from 4.813 million the prior week.
Table 1…
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...