Steer prices were reported up today, returning to last Thursday’s price levels. Heavy Native Steers and Butt Branded Steers have become difficult to move for several sellers, but some automotive tanners continue to trade the selections at steady prices. Buying at steady levels have allowed tanners to lock in leather prices, but a decline in price, like what much of the market is trading at currently, is expected in the near-term. Ford Motors announced temporary plant shutdowns at several locations through the month of June in response to the shortage of microchips.
USDA Cured Hide and Wet Blue Export Sales Recap
For week ending May 13, export sales for 2021 marketing year decreased 33 percent to 294,530 from 440,763 and shipments decreased 18 percent to 467,670 from 568,709. Sales for marketing year 2021 totaled 9,197,270—mostly all hides. The…
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...