Sellers received more bids today, mostly for cow material at $1-$2 down yesterday’s trading levels. Many sellers are resistant to the lower bids, citing the $2-$5 drop on material over the past few weeks. Most of the bidding was from Chinese customers, most Korean customers were out today on holiday. Steer prices on Butt Branded Steers and Colorado Branded Steers dropped $0.50-$1 today.
Economic impact payments and strong home starts have contributed to all-time highs for furniture sales. The Federal Reserve Economic Data (FRED) reported quarter 1 (Q1) sales for 2021 at $11.1 billion. Q1 for this year was 23 percent higher than the 2016 to 2019 Q1 average and bullish sales continue. April’s sales figures at $11.9 billion are down 5 percent from the previous month and up 199 percent from sales in April of 2020. Since the lows of the pandemic, there has been robust recovery for the furniture industry. Furniture sales were the third largest of all industries in 2021 with…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...